$10,000 Closing Credit*
$1,199,000
2,537 SqFt
5 Beds
•3 Full Baths
#100476314, Listing Office: Carolina Retreats Vacations LLC
Is Federal Point Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Federal Point Township has remained a Seller's Market.
Key Takeaway
Federal Point Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Federal Point Township, NC
How much do homes in Federal Point Township, NC cost?
Median Sold Price
$555,806
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,569(+8.9%)
Key Takeaway
Homes in Federal Point Township have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Federal Point Township was $555,806 in October 2024, up 8.9% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $342.5K | -3.5% |
| 2 Bedrooms | $437K | $480.5K | +10.0% |
| 3 Bedrooms | $487.7K | $524.3K | +7.5% |
| 4 Bedrooms | $615.6K | $652.5K | +6.0% |
| 5+ Bedrooms | $810K | $896K | +10.6% |
Summary: Federal Point Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
| Kure Beach | $647.5K | $752.5K | +16.2% |
| Federal Point Township | $510.2K | $555.8K | +8.9% |
| Masonboro Township | $395K | $425K | +7.6% |
| Carolina Beach | $599.9K | $614.1K | +2.4% |
| Winnabow | $347.7K | $338K | -2.8% |
Housing Supply in Federal Point Township, NC
How many homes are available in Federal Point Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 323 | 346 | +7.1% |
Summary: The Federal Point Township real estate market had 346 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 18 | 0.0% |
| 2 Bedrooms | 34 | 44 | +29.4% |
| 3 Bedrooms | 145 | 151 | +4.1% |
| 4 Bedrooms | 88 | 93 | +5.7% |
| 5+ Bedrooms | 38 | 40 | +5.3% |
Summary: The Federal Point Township 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 increased by 29.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 58 | -4.9% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Federal Point Township, you may be able to get a good deal. 67.2% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Federal Point Township in October 2024, down by 4.9% month-over-month. Of the 58 sold homes, 67% were sold under asking, 16% were sold at asking, and 17% were sold over asking.
Days on Market for Federal Point Township, NC
How long does it take to sell a home in Federal Point Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 65 Days | +90.9% |
Summary: Homes in Federal Point Township had an average of 65 days on market in Oct 2024, up by 90.9% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Federal Point Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 58 homes were sold in Federal Point Township; 43% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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