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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calabash is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Calabash was a Buyer's Market.

Key Takeaway

Calabash is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Calabash, NC

How much do homes in Calabash, NC cost?

Median Sold Price

$360,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,955(+2.0%)

Key Takeaway

Homes in Calabash have sold for 2% more than they did a year ago.

Summary: The median home sold price in Calabash was $360,000 in October 2024, up 2% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $139.9K$129.5K
-7.4%
2 $243K$255K
+4.9%
3 $350.7K$363.5K
+3.7%
4 $540K$454.8K
-15.8%
5+ $436.8K$444.5K
+1.7%

Summary: Calabash housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Cities

Carolina Shores
+9.9%
Calabash
+2.0%
Shallotte Township
0.4%

Housing Supply in Calabash, NC

How many homes are available in Calabash, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
269281+4.5%

Summary: The Calabash real estate market had 281 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 4239
-7.1%
3 159168
+5.7%
4 5764
+12.3%
5+ 108
-20.0%

Summary: The Calabash housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3466+94.1%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Calabash, you may be able to get a good deal. 71.2% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in Calabash in October 2024, up by 94.1% month-over-month. Of the 66 sold homes, 71% were sold under asking, 21% were sold at asking, and 8% were sold over asking.

Days on Market for Calabash, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days92 Days+103.7%

Summary: Homes in Calabash had an average of 92 days on market in Oct 2024, up by 103.7% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 66 homes were sold in Calabash; 36% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 35% 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

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