Is Shallotte Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shallotte Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Shallotte Township has remained a Seller's Market.

Key Takeaway

Shallotte Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Shallotte Township, NC

How much do homes in Shallotte Township, NC cost?

Median Sold Price

$385,090

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$17,164(+4.7%)

Key Takeaway

Homes in Shallotte Township have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Shallotte Township was $385,090 in April 2024, up 4.7% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $127.5K$142K
+11.4%
2 $250K$265K
+6.0%
3 $350K$366.2K
+4.6%
4 $546.6K$601K
+10.0%
5+ $1.2M$1.1M
-6.7%

Summary: Shallotte Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 6.7%.

Median Sold Price Compared To Nearby Cities

Shallotte
+7.6%
Shallotte Township
+4.7%
Sunset Beach
+4.6%
Ocean Isle Beach
+1.3%

Housing Supply in Shallotte Township, NC

How many homes are available in Shallotte Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
721764+6.0%

Summary: The Shallotte Township real estate market had 764 homes for sale in April 2024, a 6.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 106
-40.0%
2 95114
+20.0%
3 408438
+7.4%
4 148144
-2.7%
5+ 6062
+3.3%

Summary: The Shallotte Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 3.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
111132+18.9%

Asking Price vs. Sold Price

91 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shallotte Township, you may be able to get a good deal. 68.9% of homes here sold below asking price last month.

Summary: A total of 132 homes were sold or pending in Shallotte Township in April 2024, up by 18.9% month-over-month. Of the 132 sold homes, 69% were sold under asking, 17% were sold at asking, and 14% were sold over asking.

Days on Market for Shallotte Township, NC

How long does it take to sell a home in Shallotte Township, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
53 Days66 Days+23.7%

Summary: Homes in Shallotte Township had an average of 66 days on market in Apr 2024, up by 23.7% compared to last year.

Breakdown of Home Sale Times

61 Homes Were Sold
Under 30 Days

36 Homes Were Sold
In 30 - 90 Days

35 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Shallotte Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 132 homes were sold in Shallotte Township; 46% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Shallotte Township, NC

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