Is Intracoastal Waterway, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Intracoastal Waterway is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Intracoastal Waterway has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Intracoastal Waterway, NC

How much do homes in Intracoastal Waterway, NC cost?

Median Sold Price

$766,000

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$70,000(-8.4%)

Key Takeaway

Homes in Intracoastal Waterway have sold for 8.4% less than they did a year ago.

Summary: The median home sold price in Intracoastal Waterway was $766,000 in November 2024, down 8.4% from last year, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $385K-
N/A
2 $535K$465K
-13.1%
3 $640.2K$670K
+4.6%
4 $973.8K$962.5K
-1.2%
5+ $1.1M$775K
-34.9%

Summary: Intracoastal Waterway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 34.9%.

Housing Supply in Intracoastal Waterway, NC

How many homes are available in Intracoastal Waterway, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3128-9.7%

Summary: The Intracoastal Waterway real estate market had 28 homes for sale in November 2024, a 9.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 87
-12.5%
4 1615
-6.3%
5+ 66
0.0%

Summary: The Intracoastal Waterway housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Intracoastal Waterway, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Intracoastal Waterway in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Intracoastal Waterway, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days118 Days+399.2%

Summary: Homes in Intracoastal Waterway had an average of 118 days on market in Nov 2024, up by 399.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Intracoastal Waterway; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% 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 17 Days Ago

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