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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Topsail Township is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Topsail Township was a Seller's Market.

Key Takeaway

Topsail Township 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 Topsail Township, NC

How much do homes in Topsail Township, NC cost?

Median Sold Price

$495,365

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,376(+1.9%)

Key Takeaway

Homes in Topsail Township have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Topsail Township was $495,365 in October 2024, up 1.9% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $362.7K$365K
+0.6%
2 $310K$345K
+11.3%
3 $420.1K$422.8K
+0.6%
4 $544.2K$557.5K
+2.4%
5+ $580K$629K
+8.4%

Summary: Topsail Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 8.4%.

Median Sold Price Compared To Nearby Cities

Topsail Township
+1.9%
Surf City
-2.6%
Rocky Point
-4.7%

Housing Supply in Topsail Township, NC

How many homes are available in Topsail Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
375374-0.3%

Summary: The Topsail Township real estate market had 374 homes for sale in October 2024, a 0.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 2623
-11.5%
3 155150
-3.2%
4 146147
+0.7%
5+ 4551
+13.3%

Summary: The Topsail Township 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 decreased by 11.5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7458-21.6%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Topsail Township, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.

Summary: A total of 58 homes were sold or pending in Topsail Township in October 2024, down by 21.6% month-over-month. Of the 58 sold homes, 52% were sold under asking, 29% were sold at asking, and 19% were sold over asking.

Days on Market for Topsail Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days46 Days-16.9%

Summary: Homes in Topsail Township had an average of 46 days on market in Oct 2024, down by 16.9% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 58 homes were sold in Topsail Township; 59% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 24% 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

Newest Listings in Topsail Township, NC

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