Is Broadway, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Broadway has remained a Seller's Market.
Housing Prices in Broadway, NC
How much do homes in Broadway, NC cost?
Median Sold Price
$298,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Broadway was $298,500 in May 2024, up 4.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $200K | $237.4K | +18.7% |
3 Bedrooms | $282K | $296.5K | +5.1% |
4 Bedrooms | $331K | $367.5K | +11.0% |
5+ Bedrooms | $362.5K | $450K | +24.1% |
Summary: Broadway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 24.1%.
Median Sold Price Compared To Nearby Cities
Upper Little River Township | $298K | $349.9K | +17.4% |
Broadway | $284.9K | $298.5K | +4.8% |
Broadway | $290K | $299K | +3.1% |
Housing Supply in Broadway, NC
How many homes are available in Broadway, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 36 | +2.9% |
Summary: The Broadway real estate market had 36 homes for sale in May 2024, a 2.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 23 | 23 | 0.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Broadway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 12 | +140.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Broadway in May 2024, up by 140.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 58% were sold at asking, and 0% were sold over asking.
Days on Market for Broadway, NC
How long does it take to sell a home in Broadway, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
60 Days | 11 Days | -81.2% |
Summary: Homes in Broadway had an average of 11 days on market in May 2024, down by 81.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Broadway; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.