Is Burgaw Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Burgaw Township was a Seller's Market.
Key Takeaway
Burgaw Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Burgaw Township, NC
How much do homes in Burgaw Township, NC cost?
Median Sold Price
$302,499
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Burgaw Township have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Burgaw Township was $302,499 in May 2024, up 0.8% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $215K | -12.2% |
| 3 Bedrooms | $304.5K | $314K | +3.1% |
| 4 Bedrooms | $365K | $323.5K | -11.4% |
| 5+ Bedrooms | $450K | $258K | -42.7% |
Summary: Burgaw Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 42.7%.
Median Sold Price Compared To Nearby Cities
| Rocky Point | $378K | $401K | +6.1% |
| Burgaw | $299.4K | $306.2K | +2.3% |
| Burgaw Township | $300K | $302.4K | +0.8% |
Housing Supply in Burgaw Township, NC
How many homes are available in Burgaw Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Summary: The Burgaw Township real estate market had 41 homes for sale in May 2024, a 7.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 27 | 25 | -7.4% |
| 4 Bedrooms | 4 | 9 | +125.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Burgaw Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 125%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Burgaw Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Burgaw Township in May 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Burgaw Township, NC
How long does it take to sell a home in Burgaw Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 44 Days | +24.3% |
Summary: Homes in Burgaw Township had an average of 44 days on market in May 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Burgaw Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Burgaw Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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