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 neutral's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

Sneads Ferry 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 Sneads Ferry, NC

How much do homes in Sneads Ferry, NC cost?

Median Sold Price

$379,961

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$2,053(+0.5%)

Key Takeaway

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

Summary: The median home sold price in Sneads Ferry was $379,961 in December 2024, up 0.5% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $200K$207.3K
+3.7%
2 $320K$350K
+9.4%
3 $349.9K$349.1K
-0.2%
4 $422.8K$414K
-2.1%
5+ $795K$997K
+25.4%

Summary: Sneads Ferry housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 25.4%.

Median Sold Price Compared To Nearby Cities

Hubert
+8.0%
North Topsail Beach
+5.2%
Stump Sound Township
+2.2%
Sneads Ferry
0.5%

Housing Supply in Sneads Ferry, NC

How many homes are available in Sneads Ferry, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
293297+1.4%

Summary: The Sneads Ferry real estate market had 297 homes for sale in December 2024, a 1.4% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 3535
0.0%
2 5762
+8.8%
3 9497
+3.2%
4 7165
-8.5%
5+ 3638
+5.6%

Summary: The Sneads Ferry housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 5.6%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3449+44.1%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

10 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. 42.9% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in Sneads Ferry in December 2024, up by 44.1% month-over-month. Of the 49 sold homes, 43% were sold under asking, 37% were sold at asking, and 20% 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

Dec 2023Dec 2024CHANGE
55 Days79 Days+42.7%

Summary: Homes in Sneads Ferry had an average of 79 days on market in Dec 2024, up by 42.7% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 49 homes were sold in Sneads Ferry; 43% of homes were sold within 30 days, 24% 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 4 Days Ago

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