Is Shallotte Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Shallotte Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | $142K | +11.4% |
2 Bedrooms | $250K | $265K | +6.0% |
3 Bedrooms | $350K | $366.2K | +4.6% |
4 Bedrooms | $546.6K | $601K | +10.0% |
5+ Bedrooms | $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 | $314.6K | $338.4K | +7.6% |
Shallotte Township | $367.9K | $385K | +4.7% |
Sunset Beach | $435K | $455K | +4.6% |
Ocean Isle Beach | $569K | $576.6K | +1.3% |
Housing Supply in Shallotte Township, NC
How many homes are available in Shallotte Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
721 | 764 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 6 | -40.0% |
2 Bedrooms | 95 | 114 | +20.0% |
3 Bedrooms | 408 | 438 | +7.4% |
4 Bedrooms | 148 | 144 | -2.7% |
5+ Bedrooms | 60 | 62 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
111 | 132 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 66 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
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.