Is Scotland Neck, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scotland Neck is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Scotland Neck has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Scotland Neck, NC

How much do homes in Scotland Neck, NC cost?

Median Sold Price

$165,000

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$43,250(+35.5%)

Key Takeaway

Homes in Scotland Neck have sold for 35.5% more than they did a year ago.

Summary: The median home sold price in Scotland Neck was $165,000 in October 2024, up 35.5% from last year, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $45K$46.2K
+2.8%
3 $149.7K$162K
+8.2%
4 $115K$235K
+104.3%
5+ $365K$196.2K
-46.2%

Summary: Scotland Neck housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 104.3%, and 5+ bedroom homes decreased by 46.2%.

Median Sold Price Compared To Nearby Cities

Scotland Neck
+35.5%
Scotland Neck Township
+35.5%

Housing Supply in Scotland Neck, NC

How many homes are available in Scotland Neck, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
15150.0%

Summary: The Scotland Neck real estate market had 15 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1212
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Scotland Neck 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scotland Neck, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Scotland Neck in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Scotland Neck, NC

How long does it take to sell a home in Scotland Neck, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days67 Days+125.0%

Summary: Homes in Scotland Neck had an average of 67 days on market in Oct 2024, up by 125% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Scotland Neck has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Scotland Neck; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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

Newest Listings in Scotland Neck, NC

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