$3,147 Closing Credit*
$265,000
1,456 SqFt
3 Beds
•2 Full Baths
ANGELA DONOHOE, Listing Office: MAIN STREET REALTY GROUP
Is Broadway, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $249.9K | +16.2% |
| 3 Bedrooms | $283K | $308.5K | +9.0% |
| 4 Bedrooms | $390.7K | $375K | -4.0% |
| 5+ Bedrooms | $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 | $284.9K | $312.9K | +9.8% |
| Buckhorn Township | $440K | $482.9K | +9.8% |
| Broadway | $283.9K | $309.9K | +9.1% |
| Upper Little River Township | $336.4K | $365K | +8.5% |
| Barbecue Township | $305K | $324.9K | +6.5% |
Housing Supply in Broadway, NC
How many homes are available in Broadway, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 2 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 61 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
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.
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