Is Broadway, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broadway is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Broadway was a Seller's Market.

Key Takeaway

Broadway is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Broadway, NC

How much do homes in Broadway, NC cost?

Median Sold Price

$312,900

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,000(+9.8%)

Key Takeaway

Homes in Broadway have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Broadway was $312,900 in October 2024, up 9.8% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $215K$249.9K
+16.2%
3 $283K$308.5K
+9.0%
4 $390.7K$375K
-4.0%
5+ $412.5K$479.9K
+16.3%

Summary: Broadway housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 16.3%.

Median Sold Price Compared To Nearby Cities

Broadway
+9.8%
Buckhorn Township
+9.8%
Broadway
+9.1%
Upper Little River Township
+8.5%
Barbecue Township
+6.5%

Housing Supply in Broadway, NC

How many homes are available in Broadway, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3133+6.5%

Summary: The Broadway real estate market had 33 homes for sale in October 2024, a 6.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2323
0.0%
4 67
+16.7%
5+ 12
+100.0%

Summary: The Broadway housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broadway, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Broadway in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.

Days on Market for Broadway, NC

How long does it take to sell a home in Broadway, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
67 Days61 Days-8.6%

Summary: Homes in Broadway had an average of 61 days on market in Oct 2024, down by 8.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Broadway are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Broadway; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Broadway, NC

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What housing markets are near Broadway, NC?