Is Southport, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southport is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Southport, NC

How much do homes in Southport, NC cost?

Median Sold Price

$445,446

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$28,303(+6.8%)

Key Takeaway

Homes in Southport have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Southport was $445,446 in November 2024, up 6.8% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $280K$293.5K
+4.8%
2 $305K$315K
+3.3%
3 $410K$418K
+2.0%
4 $725K$705K
-2.8%
5+ $1.5M$1.4M
-4.7%

Summary: Southport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 4.7%.

Median Sold Price Compared To Nearby Cities

Smithville Township
+17.7%
Southport
+6.8%

Housing Supply in Southport, NC

How many homes are available in Southport, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
307327+6.5%

Summary: The Southport real estate market had 327 homes for sale in November 2024, a 6.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 89
+12.5%
2 4348
+11.6%
3 179199
+11.2%
4 7366
-9.6%
5+ 45
+25.0%

Summary: The Southport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4941-16.3%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southport, you may be able to get a good deal. 75.6% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Southport in November 2024, down by 16.3% month-over-month. Of the 41 sold homes, 76% were sold under asking, 17% were sold at asking, and 7% were sold over asking.

Days on Market for Southport, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days82 Days+190.1%

Summary: Homes in Southport had an average of 82 days on market in Nov 2024, up by 190.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Southport has remained consistent over time.

Summary: During November 2024, 41 homes were sold in Southport; 24% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 37% 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 17 Days Ago

Newest Listings in Southport, NC

Nearby Markets to Southport, NC

What housing markets are near Southport, NC?