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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stump Sound Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Stump Sound Township, NC

How much do homes in Stump Sound Township, NC cost?

Median Sold Price

$364,490

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,756(+1.3%)

Key Takeaway

Homes in Stump Sound Township have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Stump Sound Township was $364,490 in October 2024, up 1.3% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $215K$209.9K
-2.4%
2 $320K$299.9K
-6.3%
3 $327.6K$329.6K
+0.6%
4 $417.8K$420K
0.5%
5+ $755K$590K
-21.9%

Summary: Stump Sound Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 21.9%.

Median Sold Price Compared To Nearby Cities

North Topsail Beach
+5.3%
Stump Sound Township
+1.3%
Sneads Ferry
0%
Holly Ridge
-8.3%

Housing Supply in Stump Sound Township, NC

How many homes are available in Stump Sound Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
466470+0.9%

Summary: The Stump Sound Township real estate market had 470 homes for sale in October 2024, a 0.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2334
+47.8%
2 5967
+13.6%
3 222206
-7.2%
4 116116
0.0%
5+ 4647
+2.2%

Summary: The Stump Sound Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 47.8%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 2.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8283+1.2%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stump Sound Township, you may be able to get a good deal. 51.8% of homes here sold below asking price last month.

Summary: A total of 83 homes were sold or pending in Stump Sound Township in October 2024, up by 1.2% month-over-month. Of the 83 sold homes, 52% were sold under asking, 37% were sold at asking, and 11% were sold over asking.

Days on Market for Stump Sound Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days72 Days+27.9%

Summary: Homes in Stump Sound Township had an average of 72 days on market in Oct 2024, up by 27.9% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 83 homes were sold in Stump Sound Township; 39% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 25% 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 Stump Sound Township, NC

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