Is Surf City, 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, Surf City has remained a Seller's Market.
Housing Prices in Surf City, NC
How much do homes in Surf City, NC cost?
Median Sold Price
$612,500
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Surf City was $612,500 in May 2024, up 16% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $380.2K | $360K | -5.3% |
2 Bedrooms | $252.9K | $325K | +28.5% |
3 Bedrooms | $551.5K | $578K | +4.8% |
4 Bedrooms | $518.6K | $747.5K | +44.1% |
5+ Bedrooms | $1.0M | $1.0M | +4.6% |
Summary: Surf City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 28.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
Surf City | $528K | $612.5K | +16.0% |
North Topsail Beach | $460K | $500K | +8.7% |
Sneads Ferry | $365K | $389.3K | +6.6% |
Topsail Township | $473.1K | $500.5K | +5.8% |
Stump Sound Township | $346.5K | $366.3K | +5.7% |
Housing Supply in Surf City, NC
How many homes are available in Surf City, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
118 | 125 | +5.9% |
Summary: The Surf City real estate market had 125 homes for sale in May 2024, a 5.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 4 | +300.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 38 | 37 | -2.6% |
4 Bedrooms | 48 | 48 | 0.0% |
5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The Surf City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 28 | +55.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Surf City in May 2024, up by 55.6% month-over-month. Of the 28 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
69 Days | 81 Days | +17.9% |
Summary: Homes in Surf City had an average of 81 days on market in May 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Surf City; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.