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 October 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

$409,666

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$65,666(-13.8%)

Key Takeaway

Homes in Sunset Beach have sold for 13.8% less than they did a year ago.

Summary: The median home sold price in Sunset Beach was $409,666 in October 2024, down 13.8% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $127.5K$175K
+37.3%
2 $260K$287K
+10.4%
3 $370K$409.5K
+10.7%
4 $587.2K$634.6K
+8.1%
5+ $866.2K$539K
-37.8%

Summary: Sunset Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 37.8%.

Median Sold Price Compared To Nearby Cities

Shallotte Township
0.4%
Sunset Beach
-13.8%

Housing Supply in Sunset Beach, NC

How many homes are available in Sunset Beach, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
171174+1.8%

Summary: The Sunset Beach real estate market had 174 homes for sale in October 2024, a 1.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 2625
-3.8%
3 98102
+4.1%
4 3640
+11.1%
5+ 96
-33.3%

Summary: The Sunset Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2326+13.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was 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. 73.1% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Sunset Beach in October 2024, up by 13.0% month-over-month. Of the 26 sold homes, 73% were sold under asking, 23% were sold at asking, and 4% 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

Oct 2023Oct 2024CHANGE
31 Days68 Days+117.1%

Summary: Homes in Sunset Beach had an average of 68 days on market in Oct 2024, up by 117.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

8 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 October 2024, 26 homes were sold in Sunset Beach; 42% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 31% 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 16 Days Ago

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