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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Calabash is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Calabash 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 Calabash, NC

How much do homes in Calabash, NC cost?

Median Sold Price

$360,990

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,090(+3.2%)

Key Takeaway

Homes in Calabash have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Calabash was $360,990 in November 2024, up 3.2% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $127.4K$130K
+2.0%
2 $243K$250K
+2.9%
3 $349.2K$367K
+5.1%
4 $549K$449K
-18.2%
5+ $433.1K$446.7K
+3.2%

Summary: Calabash housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Cities

Carolina Shores
+12.0%
Calabash
+3.2%
Shallotte Township
+1.1%

Housing Supply in Calabash, NC

How many homes are available in Calabash, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
278254-8.6%

Summary: The Calabash real estate market had 254 homes for sale in November 2024, a 8.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 3742
+13.5%
3 168147
-12.5%
4 6460
-6.3%
5+ 74
-42.9%

Summary: The Calabash housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 13.5%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6738-43.3%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

1 Home Was 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. 63.2% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Calabash in November 2024, down by 43.3% month-over-month. Of the 38 sold homes, 63% were sold under asking, 34% were sold at asking, and 3% 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

Nov 2023Nov 2024CHANGE
67 Days81 Days+20.2%

Summary: Homes in Calabash had an average of 81 days on market in Nov 2024, up by 20.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Calabash are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 38 homes were sold in Calabash; 32% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 37% 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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