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.
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
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
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
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.