$5,580 Closing Credit*
$469,900
2,060 SqFt
3 Beds
•2 Full Baths
#100480248, Listing Office: Intracoastal Realty Corp
Is The Cape, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, The Cape was a Seller's Market.
Key Takeaway
The Cape is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Cape, NC
How much do homes in The Cape, NC cost?
Median Sold Price
$434,900
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,950(+5.8%)
Key Takeaway
Homes in The Cape have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in The Cape was $434,900 in November 2024, up 5.8% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $279K | $325K | +16.5% |
| 3 Bedrooms | $395K | $432.4K | +9.5% |
| 4 Bedrooms | $513.7K | $546.5K | +6.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: The Cape housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes did not change.
Housing Supply in The Cape, NC
How many homes are available in The Cape, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Summary: The The Cape real estate market had 28 homes for sale in November 2024, a 12.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The The Cape housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Cape, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in The Cape in November 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for The Cape, NC
How long does it take to sell a home in The Cape, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 51 Days | +635.7% |
Summary: Homes in The Cape had an average of 51 days on market in Nov 2024, up by 635.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Cape are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in The Cape; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
