Is Sneads Ferry, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sneads Ferry is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sneads Ferry was a Seller's Market.

Key Takeaway

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

Housing Prices in Sneads Ferry, NC

How much do homes in Sneads Ferry, NC cost?

Median Sold Price

$380,198

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,039(-0.5%)

Key Takeaway

Homes in Sneads Ferry have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in Sneads Ferry was $380,198 in November 2024, down 0.5% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $202.5K$209.9K
+3.7%
2 $338K$350K
+3.6%
3 $350K$349.9K
0%
4 $420K$415K
-1.2%
5+ $880K$986K
+12.0%

Summary: Sneads Ferry housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 3.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 12%.

Median Sold Price Compared To Nearby Cities

North Topsail Beach
+4.7%
Hubert
+4.1%
Stump Sound Township
+0.8%
Sneads Ferry
-0.5%

Housing Supply in Sneads Ferry, NC

How many homes are available in Sneads Ferry, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
329312-5.2%

Summary: The Sneads Ferry real estate market had 312 homes for sale in November 2024, a 5.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3537
+5.7%
2 5561
+10.9%
3 121109
-9.9%
4 7465
-12.2%
5+ 4440
-9.1%

Summary: The Sneads Ferry housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 10.9%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5138-25.5%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sneads Ferry, you may be able to get a good deal. 44.7% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Sneads Ferry in November 2024, down by 25.5% month-over-month. Of the 38 sold homes, 45% were sold under asking, 45% were sold at asking, and 11% were sold over asking.

Days on Market for Sneads Ferry, NC

How long does it take to sell a home in Sneads Ferry, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
60 Days79 Days+30.3%

Summary: Homes in Sneads Ferry had an average of 79 days on market in Nov 2024, up by 30.3% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 38 homes were sold in Sneads Ferry; 37% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 42% 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 2 Days Ago

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