Is Surf City, 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, Surf City has remained a Buyer's Market.
Key Takeaway
Surf City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Surf City, NC
How much do homes in Surf City, NC cost?
Median Sold Price
$605,250
$395/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Surf City have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Surf City was $605,250 in April 2024, up 12.2% from last year, and the median price per square foot was $395.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $367.7K | -4.5% |
| 2 Bedrooms | $220K | $308K | +40.0% |
| 3 Bedrooms | $565K | $595K | +5.3% |
| 4 Bedrooms | $532.4K | $727.5K | +36.6% |
| 5+ Bedrooms | $985K | $1.1M | +12.4% |
Summary: Surf City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 36.6%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
| North Topsail Beach | $450K | $510K | +13.3% |
| Surf City | $539.5K | $605.2K | +12.2% |
| Topsail Township | $470.7K | $507.2K | +7.7% |
| Sneads Ferry | $362.6K | $389.7K | +7.5% |
| Stump Sound Township | $345K | $365K | +5.8% |
Housing Supply in Surf City, NC
How many homes are available in Surf City, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 98 | 106 | +8.2% |
Summary: The Surf City real estate market had 106 homes for sale in April 2024, a 8.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 28 | 31 | +10.7% |
| 4 Bedrooms | 35 | 38 | +8.6% |
| 5+ Bedrooms | 19 | 22 | +15.8% |
Summary: The Surf City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Surf City, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Surf City in April 2024, up by 15.4% month-over-month. Of the 15 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Surf City, NC
How long does it take to sell a home in Surf City, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 80 Days | 45 Days | -43.6% |
Summary: Homes in Surf City had an average of 45 days on market in Apr 2024, down by 43.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Surf City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Surf City; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.