Is Kure Beach, 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, Kure Beach has remained a Seller's Market.
Key Takeaway
Kure Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kure Beach, NC
How much do homes in Kure Beach, NC cost?
Median Sold Price
$762,000
$435/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kure Beach have sold for 21% more than they did a year ago.
Summary: The median home sold price in Kure Beach was $762,000 in May 2024, up 21% from last year, and the median price per square foot was $435.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $356.5K | +16.9% |
| 2 Bedrooms | $475K | $512.4K | +7.9% |
| 3 Bedrooms | $630K | $750K | +19.0% |
| 4 Bedrooms | $872.5K | $1.1M | +26.1% |
| 5+ Bedrooms | $1.3M | $1.1M | -14.4% |
Summary: Kure Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes decreased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Kure Beach | $630K | $762K | +21.0% |
| Federal Point Township | $500K | $552.5K | +10.5% |
| Carolina Beach | $590K | $615.1K | +4.3% |
Housing Supply in Kure Beach, NC
How many homes are available in Kure Beach, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 66 | +6.5% |
Summary: The Kure Beach real estate market had 66 homes for sale in May 2024, a 6.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Kure Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kure Beach, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Kure Beach in May 2024, up by 62.5% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for Kure Beach, NC
How long does it take to sell a home in Kure Beach, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 66 Days | 74 Days | +12.8% |
Summary: Homes in Kure Beach had an average of 74 days on market in May 2024, up by 12.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kure Beach has remained consistent over time.
Summary: During May 2024, 13 homes were sold in Kure Beach; 23% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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