Is Cape Fear 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, Cape Fear Township has remained a Seller's Market.
Key Takeaway
Cape Fear Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cape Fear Township, NC
How much do homes in Cape Fear Township, NC cost?
Median Sold Price
$365,496
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cape Fear Township have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Cape Fear Township was $365,496 in May 2024, up 4.4% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.5K | $215K | +24.6% |
| 2 Bedrooms | $247K | $240K | -2.8% |
| 3 Bedrooms | $342K | $349.8K | +2.3% |
| 4 Bedrooms | $389.3K | $406.6K | +4.4% |
| 5+ Bedrooms | $416.4K | $422K | +1.3% |
Summary: Cape Fear Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.6%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Harnett Township | $420.3K | $443.1K | +5.4% |
| Wilmington Township | $395.4K | $413.9K | +4.7% |
| Wilmington | $395.5K | $413.9K | +4.6% |
| Cape Fear Township | $349.9K | $365.4K | +4.4% |
Housing Supply in Cape Fear Township, NC
How many homes are available in Cape Fear Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 118 | 124 | +5.1% |
Summary: The Cape Fear Township real estate market had 124 homes for sale in May 2024, a 5.1% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 63 | 67 | +6.3% |
| 4 Bedrooms | 38 | 39 | +2.6% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Cape Fear 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 increased by 20%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 30 | +50.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cape Fear Township, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Cape Fear Township in May 2024, up by 50.0% month-over-month. Of the 30 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.
Days on Market for Cape Fear Township, NC
How long does it take to sell a home in Cape Fear Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 51 Days | +94.2% |
Summary: Homes in Cape Fear Township had an average of 51 days on market in May 2024, up by 94.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cape Fear Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 30 homes were sold in Cape Fear Township; 43% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
