Is Surf City, 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, Surf City has remained a Seller's Market.
Key Takeaway
Surf City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Surf City, NC
How much do homes in Surf City, NC cost?
Median Sold Price
$612,500
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Surf City have sold for 16% more than they did a year ago.
Summary: The median home sold price in Surf City was $612,500 in May 2024, up 16% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380.2K | $360K | -5.3% |
| 2 Bedrooms | $252.9K | $325K | +28.5% |
| 3 Bedrooms | $551.5K | $578K | +4.8% |
| 4 Bedrooms | $518.6K | $747.5K | +44.1% |
| 5+ Bedrooms | $1.0M | $1.0M | +4.6% |
Summary: Surf City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 28.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Surf City | $528K | $612.5K | +16.0% |
| North Topsail Beach | $460K | $500K | +8.7% |
| Sneads Ferry | $365K | $389.3K | +6.6% |
| Topsail Township | $473.1K | $500.5K | +5.8% |
| Stump Sound Township | $346.5K | $366.3K | +5.7% |
Housing Supply in Surf City, NC
How many homes are available in Surf City, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 118 | 125 | +5.9% |
Summary: The Surf City real estate market had 125 homes for sale in May 2024, a 5.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 38 | 37 | -2.6% |
| 4 Bedrooms | 48 | 48 | 0.0% |
| 5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The Surf City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 28 | +55.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Surf City, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Surf City in May 2024, up by 55.6% month-over-month. Of the 28 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 69 Days | 81 Days | +17.9% |
Summary: Homes in Surf City had an average of 81 days on market in May 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Surf City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 28 homes were sold in Surf City; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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