$10,000 Closing Credit*
$999,999
3,553 SqFt
4 Beds
•4 Full Baths
#100480354, Listing Office: Intracoastal Realty Corp
Is Porters Neck, 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, Porters Neck was a Seller's Market.
Key Takeaway
Porters Neck 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 Porters Neck, NC
How much do homes in Porters Neck, NC cost?
Median Sold Price
$685,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,469(+5.1%)
Key Takeaway
Homes in Porters Neck have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Porters Neck was $685,000 in November 2024, up 5.1% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $552.5K | $442.5K | -19.9% |
| 3 Bedrooms | $600K | $577.5K | -3.8% |
| 4 Bedrooms | $712.5K | $768K | +7.8% |
| 5+ Bedrooms | $724.2K | $788.9K | +8.9% |
Summary: Porters Neck 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 19.9%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 8.9%.
Housing Supply in Porters Neck, NC
How many homes are available in Porters Neck, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 71 | +6.0% |
Summary: The Porters Neck real estate market had 71 homes for sale in November 2024, a 6.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 30 | 34 | +13.3% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Porters Neck 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 66.7%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Porters Neck, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Porters Neck in November 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Porters Neck, NC
How long does it take to sell a home in Porters Neck, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 64 Days | +120.8% |
Summary: Homes in Porters Neck had an average of 64 days on market in Nov 2024, up by 120.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Porters Neck are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Porters Neck; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
