Is Shallotte Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$379,575
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Shallotte Township was $379,575 in May 2024, up 2.6% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $140K | +7.7% |
2 Bedrooms | $253.5K | $269K | +6.1% |
3 Bedrooms | $352.9K | $361.6K | +2.5% |
4 Bedrooms | $553.1K | $590K | +6.7% |
5+ Bedrooms | $1.2M | $1.1M | -7.7% |
Summary: Shallotte Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Cities
Shallotte | $316.5K | $334.9K | +5.8% |
Sunset Beach | $430K | $450K | +4.7% |
Shallotte Township | $369.8K | $379.5K | +2.6% |
Ocean Isle Beach | $589.9K | $565K | -4.2% |
Housing Supply in Shallotte Township, NC
How many homes are available in Shallotte Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
862 | 899 | +4.3% |
Summary: The Shallotte Township real estate market had 899 homes for sale in May 2024, a 4.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 120 | 124 | +3.3% |
3 Bedrooms | 509 | 531 | +4.3% |
4 Bedrooms | 163 | 175 | +7.4% |
5+ Bedrooms | 64 | 62 | -3.1% |
Summary: The Shallotte Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 3.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
140 | 164 | +17.1% |
Asking Price vs. Sold Price
106 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 164 homes were sold or pending in Shallotte Township in May 2024, up by 17.1% month-over-month. Of the 164 sold homes, 65% were sold under asking, 29% were sold at asking, and 7% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
66 Days | 74 Days | +12.3% |
Summary: Homes in Shallotte Township had an average of 74 days on market in May 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
49 Homes Were Sold
Over 90 Days
Summary: During May 2024, 164 homes were sold in Shallotte Township; 43% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.