Is Southport, 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, Southport has remained a Seller's Market.
Key Takeaway
Southport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southport, NC
How much do homes in Southport, NC cost?
Median Sold Price
$419,533
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southport have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Southport was $419,533 in April 2024, down 4.7% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $264.5K | $292K | +10.4% |
| 2 Bedrooms | $310K | $300K | -3.2% |
| 3 Bedrooms | $430K | $412.8K | -4.0% |
| 4 Bedrooms | $620K | $759K | +22.4% |
| 5+ Bedrooms | $700K | $1.2M | +71.4% |
Summary: Southport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 71.4%.
Median Sold Price Compared To Nearby Cities
| Smithville Township | $515K | $562.8K | +9.3% |
| Southport | $440.2K | $419.5K | -4.7% |
Housing Supply in Southport, NC
How many homes are available in Southport, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 326 | 317 | -2.8% |
Summary: The Southport real estate market had 317 homes for sale in April 2024, a 2.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 42 | 41 | -2.4% |
| 3 Bedrooms | 210 | 200 | -4.8% |
| 4 Bedrooms | 55 | 57 | +3.6% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Southport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 57 | -16.2% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southport, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in Southport in April 2024, down by 16.2% month-over-month. Of the 57 sold homes, 58% were sold under asking, 30% were sold at asking, and 12% were sold over asking.
Days on Market for Southport, NC
How long does it take to sell a home in Southport, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 58 Days | +12.3% |
Summary: Homes in Southport had an average of 58 days on market in Apr 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southport are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 57 homes were sold in Southport; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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