$3,206 Closing Credit*
$270,000
1,436 SqFt
3 Beds
•2 Full Baths
ANDREA BALKCOM, Listing Office: RE/MAX SOUTHERN PROPERTIES LLC.
Is Broadway, 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, Broadway was a Seller's Market.
Key Takeaway
Broadway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Broadway, NC
How much do homes in Broadway, NC cost?
Median Sold Price
$312,900
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 9.8% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $218.4K | -2.9% |
| 3 Bedrooms | $280K | $309.2K | +10.4% |
| 4 Bedrooms | $347.5K | $375K | +7.9% |
| 5+ Bedrooms | $412.5K | $479.9K | +16.3% |
Summary: Broadway 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 2.9%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
| Broadway | $284.9K | $312.9K | +9.8% |
| Broadway | $283K | $309.9K | +9.5% |
| Upper Little River Township | $336.5K | $364.7K | +8.4% |
| Barbecue Township | $305K | $329.9K | +8.2% |
Housing Supply in Broadway, NC
How many homes are available in Broadway, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +6.5% |
Summary: The Broadway real estate market had 33 homes for sale in November 2024, a 6.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Broadway 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 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Broadway, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Broadway in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 81 Days | 25 Days | -69.3% |
Summary: Homes in Broadway had an average of 25 days on market in Nov 2024, down by 69.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broadway are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Broadway; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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