Is Surf City, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Surf City is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Surf City, NC

How much do homes in Surf City, NC cost?

Median Sold Price

$535,000

$382/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$14,500(-2.6%)

Key Takeaway

Homes in Surf City have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in Surf City was $535,000 in October 2024, down 2.6% from last year, and the median price per square foot was $382.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $375.5K$365K
-2.8%
2 $271.4K$325K
+19.7%
3 $569K$525K
-7.7%
4 $607K$585.4K
-3.5%
5+ $980K$999.9K
+2.0%

Summary: Surf City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 19.7%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Cities

North Topsail Beach
+5.3%
Topsail Township
+1.9%
Stump Sound Township
+1.3%
Sneads Ferry
0%
Surf City
-2.6%

Housing Supply in Surf City, NC

How many homes are available in Surf City, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
121115-5.0%

Summary: The Surf City real estate market had 115 homes for sale in October 2024, a 5.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1112
+9.1%
3 3841
+7.9%
4 4638
-17.4%
5+ 2321
-8.7%

Summary: The Surf City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 8.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2715-44.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Surf City, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Surf City in October 2024, down by 44.4% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% were sold over asking.

Days on Market for Surf City, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
61 Days53 Days-12.7%

Summary: Homes in Surf City had an average of 53 days on market in Oct 2024, down by 12.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 15 homes were sold in Surf City; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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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