$4,749 Closing Credit*
$399,900
1,560 SqFt
3 Beds
•2 Full Baths
#100480411, Listing Office: Intracoastal Realty Corp
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 November 2023
At the same time last year, Federal Point Township was a Seller's Market.
Key Takeaway
Federal Point Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Federal Point Township, NC
How much do homes in Federal Point Township, NC cost?
Median Sold Price
$559,094
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,489(+8.6%)
Key Takeaway
Homes in Federal Point Township have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Federal Point Township was $559,094 in November 2024, up 8.6% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $342.2K | -4.9% |
| 2 Bedrooms | $437K | $481K | +10.1% |
| 3 Bedrooms | $485.7K | $525K | +8.1% |
| 4 Bedrooms | $614.2K | $664.2K | +8.1% |
| 5+ Bedrooms | $810K | $917K | +13.2% |
Summary: Federal Point Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Cities
| Kure Beach | $655K | $752.5K | +14.9% |
| Masonboro Township | $396.5K | $435K | +9.7% |
| Federal Point Township | $514.6K | $559K | +8.6% |
| Carolina Beach | $589.3K | $620K | +5.2% |
| Winnabow | $344.9K | $338.7K | -1.8% |
Housing Supply in Federal Point Township, NC
How many homes are available in Federal Point Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 341 | 357 | +4.7% |
Summary: The Federal Point Township real estate market had 357 homes for sale in November 2024, a 4.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 22 | +29.4% |
| 2 Bedrooms | 44 | 50 | +13.6% |
| 3 Bedrooms | 149 | 145 | -2.7% |
| 4 Bedrooms | 93 | 99 | +6.5% |
| 5+ Bedrooms | 38 | 41 | +7.9% |
Summary: The Federal Point Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 7.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 27 | -55.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Federal Point Township in November 2024, down by 55.0% month-over-month. Of the 27 sold homes, 67% were sold under asking, 19% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 72 Days | +157.3% |
Summary: Homes in Federal Point Township had an average of 72 days on market in Nov 2024, up by 157.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 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 November 2024, 27 homes were sold in Federal Point Township; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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