Is Sunset Beach, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunset Beach is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Sunset Beach 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 Sunset Beach, NC

How much do homes in Sunset Beach, NC cost?

Median Sold Price

$402,333

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$74,666(-15.7%)

Key Takeaway

Homes in Sunset Beach have sold for 15.7% less than they did a year ago.

Summary: The median home sold price in Sunset Beach was $402,333 in November 2024, down 15.7% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $127.5K$170K
+33.3%
2 $260.2K$286K
+9.9%
3 $377.5K$405K
+7.3%
4 $587.2K$629.9K
+7.3%
5+ $792.5K$518.5K
-34.6%

Summary: Sunset Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 34.6%.

Median Sold Price Compared To Nearby Cities

Shallotte Township
+1.1%
Sunset Beach
-15.7%

Housing Supply in Sunset Beach, NC

How many homes are available in Sunset Beach, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
179178-0.6%

Summary: The Sunset Beach real estate market had 178 homes for sale in November 2024, a 0.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 2626
0.0%
3 102104
+2.0%
4 4335
-18.6%
5+ 710
+42.9%

Summary: The Sunset Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2728+3.7%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunset Beach, you may be able to get a good deal. 67.9% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Sunset Beach in November 2024, up by 3.7% month-over-month. Of the 28 sold homes, 68% were sold under asking, 21% were sold at asking, and 11% were sold over asking.

Days on Market for Sunset Beach, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days49 Days+67.1%

Summary: Homes in Sunset Beach had an average of 49 days on market in Nov 2024, up by 67.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 28 homes were sold in Sunset Beach; 46% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% 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

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