Is Supply, 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, Supply has remained a Seller's Market.
Key Takeaway
Supply is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Supply, NC
How much do homes in Supply, NC cost?
Median Sold Price
$516,466
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Supply have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Supply was $516,466 in April 2024, up 6.3% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $315K | N/A |
| 2 Bedrooms | $360K | $385K | +6.9% |
| 3 Bedrooms | $392K | $399K | +1.8% |
| 4 Bedrooms | $760K | $730K | -3.9% |
| 5+ Bedrooms | $1.5M | $1.5M | -1.6% |
Summary: Supply housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Lockwoods Folly Township | $395.5K | $485.4K | +22.7% |
| Shallotte | $314.6K | $338.4K | +7.6% |
| Supply | $485.8K | $516.4K | +6.3% |
| Holden Beach | $855K | $849.5K | -0.6% |
Housing Supply in Supply, NC
How many homes are available in Supply, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 155 | 160 | +3.2% |
Summary: The Supply real estate market had 160 homes for sale in April 2024, a 3.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 87 | 87 | 0.0% |
| 4 Bedrooms | 46 | 52 | +13.0% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Supply housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Supply, you may be able to get a good deal. 74.1% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Supply in April 2024, up by 17.4% month-over-month. Of the 27 sold homes, 74% were sold under asking, 7% were sold at asking, and 19% were sold over asking.
Days on Market for Supply, NC
How long does it take to sell a home in Supply, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 80 Days | 79 Days | -1.0% |
Summary: Homes in Supply had an average of 79 days on market in Apr 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Supply are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in Supply; 41% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.
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