Is North Topsail Beach, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Topsail Beach is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, North Topsail Beach was a Seller's Market.

Key Takeaway

North Topsail Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Topsail Beach, NC

How much do homes in North Topsail Beach, NC cost?

Median Sold Price

$500,000

$404/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,500(+4.7%)

Key Takeaway

Homes in North Topsail Beach have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in North Topsail Beach was $500,000 in November 2024, up 4.7% from last year, and the median price per square foot was $404.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $205K$209.9K
+2.4%
2 $355K$360.9K
+1.7%
3 $572.5K$532K
-7.1%
4 $835K$950K
+13.8%
5+ $1.1M$1.3M
+16.4%

Summary: North Topsail Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 16.4%.

Median Sold Price Compared To Nearby Cities

North Topsail Beach
+4.7%
Stump Sound Township
+0.8%
Sneads Ferry
-0.5%

Housing Supply in North Topsail Beach, NC

How many homes are available in North Topsail Beach, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
169175+3.6%

Summary: The North Topsail Beach real estate market had 175 homes for sale in November 2024, a 3.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3335
+6.1%
2 5358
+9.4%
3 3435
+2.9%
4 2120
-4.8%
5+ 2827
-3.6%

Summary: The North Topsail Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 3.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Topsail Beach, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in North Topsail Beach in November 2024, down by 27.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for North Topsail Beach, NC

How long does it take to sell a home in North Topsail Beach, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
75 Days171 Days+128.3%

Summary: Homes in North Topsail Beach had an average of 171 days on market in Nov 2024, up by 128.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in North Topsail Beach; 0% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 88% 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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