Is Southport, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southport is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Southport has remained a Seller's Market.

Key Takeaway

Southport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Southport, NC

How much do homes in Southport, NC cost?

Median Sold Price

$419,533

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$20,716(-4.7%)

Key Takeaway

Homes in Southport have sold for 4.7% less than they did a year ago.

Summary: The median home sold price in Southport was $419,533 in April 2024, down 4.7% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $264.5K$292K
+10.4%
2 $310K$300K
-3.2%
3 $430K$412.8K
-4.0%
4 $620K$759K
+22.4%
5+ $700K$1.2M
+71.4%

Summary: Southport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 71.4%.

Median Sold Price Compared To Nearby Cities

Smithville Township
+9.3%
Southport
-4.7%

Housing Supply in Southport, NC

How many homes are available in Southport, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
326317-2.8%

Summary: The Southport real estate market had 317 homes for sale in April 2024, a 2.8% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 810
+25.0%
2 4241
-2.4%
3 210200
-4.8%
4 5557
+3.6%
5+ 119
-18.2%

Summary: The Southport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
6857-16.2%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southport, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Southport in April 2024, down by 16.2% month-over-month. Of the 57 sold homes, 58% were sold under asking, 30% were sold at asking, and 12% were sold over asking.

Days on Market for Southport, NC

How long does it take to sell a home in Southport, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
52 Days58 Days+12.3%

Summary: Homes in Southport had an average of 58 days on market in Apr 2024, up by 12.3% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Southport are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 57 homes were sold in Southport; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Southport, NC

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