$5,877 Closing Credit*
$494,900
2,104 SqFt
3 Beds
•3 Full Baths
#100480300, Listing Office: Sheila Seese Realty
Is Boiling Spring Lakes, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Boiling Spring Lakes was a Neutral Market.
Key Takeaway
Boiling Spring Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Boiling Spring Lakes, NC
How much do homes in Boiling Spring Lakes, NC cost?
Median Sold Price
$301,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,950(-1.9%)
Key Takeaway
Homes in Boiling Spring Lakes have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Boiling Spring Lakes was $301,000 in November 2024, down 1.9% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $243.9K | -0.4% |
| 3 Bedrooms | $315.9K | $300K | -5.0% |
| 4 Bedrooms | $324.9K | $338.4K | +4.1% |
| 5+ Bedrooms | - | $590K | N/A |
Summary: Boiling Spring Lakes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Smithville Township | $525.5K | $618.5K | +17.7% |
| Oak Island | $551.8K | $637.1K | +15.5% |
| Town Creek Township | $369.9K | $379.9K | +2.7% |
| Winnabow | $344.9K | $338.7K | -1.8% |
| Boiling Spring Lakes | $306.9K | $301K | -1.9% |
Housing Supply in Boiling Spring Lakes, NC
How many homes are available in Boiling Spring Lakes, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 78 | +21.9% |
Summary: The Boiling Spring Lakes real estate market had 78 homes for sale in November 2024, a 21.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 52 | 65 | +25.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Boiling Spring Lakes housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Boiling Spring Lakes, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Boiling Spring Lakes in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Boiling Spring Lakes, NC
How long does it take to sell a home in Boiling Spring Lakes, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 65 Days | +244.1% |
Summary: Homes in Boiling Spring Lakes had an average of 65 days on market in Nov 2024, up by 244.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Boiling Spring Lakes has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Boiling Spring Lakes; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
