Is Shallotte Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shallotte Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Shallotte Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Shallotte Township, NC

How much do homes in Shallotte Township, NC cost?

Median Sold Price

$375,422

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,610(+0.4%)

Key Takeaway

The sold price of homes in Shallotte Township has remained the same since last year.

Summary: The median home sold price in Shallotte Township was $375,422 in October 2024, up 0.4% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $139.9K$160K
+14.3%
2 $261K$275K
+5.4%
3 $357.6K$363.8K
+1.7%
4 $564.5K$572.8K
+1.5%
5+ $1.0M$1.0M
-3.2%

Summary: Shallotte Township 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 increased by 5.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 3.2%.

Median Sold Price Compared To Nearby Cities

Ocean Isle Beach
+13.1%
Shallotte Township
0.4%
Shallotte
-3.6%
Sunset Beach
-13.8%

Housing Supply in Shallotte Township, NC

How many homes are available in Shallotte Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8168190.4%

Summary: The Shallotte Township real estate market had 819 homes for sale in October 2024, a 0.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 89
+12.5%
2 108104
-3.7%
3 471466
-1.1%
4 175187
+6.9%
5+ 5453
-1.9%

Summary: The Shallotte Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 1.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
131141+7.6%

Asking Price vs. Sold Price

97 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shallotte Township, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 141 homes were sold or pending in Shallotte Township in October 2024, up by 7.6% month-over-month. Of the 141 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.

Days on Market for Shallotte Township, NC

How long does it take to sell a home in Shallotte Township, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days90 Days+116.3%

Summary: Homes in Shallotte Township had an average of 90 days on market in Oct 2024, up by 116.3% compared to last year.

Breakdown of Home Sale Times

58 Homes Were Sold
Under 30 Days

36 Homes Were Sold
In 30 - 90 Days

47 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Shallotte Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 141 homes were sold in Shallotte Township; 41% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 33% 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 Shallotte Township, NC

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