$690,000
15.85 Acres
Land
#100475974, Listing Office: Keller Williams Innovate-OIB Island
Is Shallotte, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Shallotte was a Seller's Market.
Key Takeaway
Shallotte is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Shallotte, NC
How much do homes in Shallotte, NC cost?
Median Sold Price
$322,900
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,130(-3.6%)
Key Takeaway
Homes in Shallotte have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Shallotte was $322,900 in October 2024, down 3.6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.9K | $188.5K | +14.3% |
| 2 Bedrooms | $266K | $245K | -7.9% |
| 3 Bedrooms | $325K | $331.1K | +1.9% |
| 4 Bedrooms | $346.5K | $400K | +15.4% |
| 5+ Bedrooms | $351.5K | - | N/A |
Summary: Shallotte housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Supply | $484.5K | $515.6K | +6.4% |
| Lockwoods Folly Township | $430.6K | $451.7K | +4.9% |
| Shallotte Township | $373.8K | $375.4K | 0.4% |
| Shallotte | $335K | $322.9K | -3.6% |
Housing Supply in Shallotte, NC
How many homes are available in Shallotte, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 87 | -1.1% |
Summary: The Shallotte real estate market had 87 homes for sale in October 2024, a 1.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 56 | 51 | -8.9% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Shallotte 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 increased by 20%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shallotte, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Shallotte in October 2024, down by 15.4% month-over-month. Of the 11 sold homes, 64% were sold under asking, 36% were sold at asking, and 0% were sold over asking.
Days on Market for Shallotte, NC
How long does it take to sell a home in Shallotte, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 71 Days | +38.9% |
Summary: Homes in Shallotte had an average of 71 days on market in Oct 2024, up by 38.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shallotte are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Shallotte; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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