$7,066 Closing Credit*
$595,000
2,286 SqFt
3 Beds
•3 Full Baths
#100476254, Listing Office: Century 21 Collective
Is Southport, 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, Southport was a Seller's Market.
Key Takeaway
Southport 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 Southport, NC
How much do homes in Southport, NC cost?
Median Sold Price
$440,443
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,265(+4.8%)
Key Takeaway
Homes in Southport have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Southport was $440,443 in October 2024, up 4.8% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267.5K | $295K | +10.3% |
| 2 Bedrooms | $302.5K | $317.5K | +5.0% |
| 3 Bedrooms | $413.6K | $401.2K | -3.0% |
| 4 Bedrooms | $725K | $722.1K | -0.4% |
| 5+ Bedrooms | $1.2M | $1.6M | +23.6% |
Summary: Southport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 23.6%.
Median Sold Price Compared To Nearby Cities
| Smithville Township | $524K | $605.3K | +15.5% |
| Southport | $420.1K | $440.4K | +4.8% |
Housing Supply in Southport, NC
How many homes are available in Southport, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 307 | 319 | +3.9% |
Summary: The Southport real estate market had 319 homes for sale in October 2024, a 3.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 8 | -20.0% |
| 2 Bedrooms | 45 | 42 | -6.7% |
| 3 Bedrooms | 168 | 186 | +10.7% |
| 4 Bedrooms | 80 | 79 | -1.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Southport housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 47 | -11.3% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southport, you may be able to get a good deal. 72.3% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Southport in October 2024, down by 11.3% month-over-month. Of the 47 sold homes, 72% were sold under asking, 19% were sold at asking, and 9% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 70 Days | +9.7% |
Summary: Homes in Southport had an average of 70 days on market in Oct 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southport are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 47 homes were sold in Southport; 40% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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