Is Masonboro 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, Masonboro Township has remained a Seller's Market.
Key Takeaway
Masonboro Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Masonboro Township, NC
How much do homes in Masonboro Township, NC cost?
Median Sold Price
$421,334
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Masonboro Township have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Masonboro Township was $421,334 in May 2024, up 11.5% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $236.2K | $252.5K | +6.9% |
| 3 Bedrooms | $357.5K | $375K | +4.9% |
| 4 Bedrooms | $582K | $515K | -11.5% |
| 5+ Bedrooms | $820K | $780K | -4.9% |
Summary: Masonboro Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Masonboro Township | $377.7K | $421.3K | +11.5% |
| Federal Point Township | $500K | $552.5K | +10.5% |
| Wilmington Township | $395.4K | $413.9K | +4.7% |
| Wilmington | $395.5K | $413.9K | +4.6% |
| Winnabow | $355K | $349.7K | -1.5% |
Housing Supply in Masonboro Township, NC
How many homes are available in Masonboro Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 77 | 79 | +2.6% |
Summary: The Masonboro Township real estate market had 79 homes for sale in May 2024, a 2.6% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 30 | 30 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Masonboro 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Masonboro Township, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Masonboro Township in May 2024, up by 27.3% month-over-month. Of the 28 sold homes, 54% were sold under asking, 29% were sold at asking, and 18% were sold over asking.
Days on Market for Masonboro Township, NC
How long does it take to sell a home in Masonboro Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 26 Days | +13.0% |
Summary: Homes in Masonboro Township had an average of 26 days on market in May 2024, up by 13% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Masonboro Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 28 homes were sold in Masonboro Township; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
