Is Broadbay Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Broadbay Township was a Buyer's Market.
Key Takeaway
Broadbay Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Broadbay Township, NC
How much do homes in Broadbay Township, NC cost?
Median Sold Price
$270,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Broadbay Township have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Broadbay Township was $270,000 in May 2024, down 1.8% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $209.5K | $228.4K | +9.0% |
| 3 Bedrooms | $274.9K | $256.6K | -6.7% |
| 4 Bedrooms | $310K | $320K | +3.2% |
| 5+ Bedrooms | $349.9K | $400K | +14.3% |
Summary: Broadbay Township 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 9%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Wallburg | $283.5K | $303K | +6.9% |
| Midway | $289K | $304K | +5.2% |
| Abbotts Creek Township | $349.8K | $359.9K | +2.9% |
| Winston Township | $259.8K | $265.2K | +2.1% |
| Broadbay Township | $274.9K | $270K | -1.8% |
Housing Supply in Broadbay Township, NC
How many homes are available in Broadbay Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Broadbay Township real estate market had 7 homes for sale in May 2024, a 12.5% decrease 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Broadbay Township 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 increased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Broadbay Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Broadbay Township in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Broadbay Township, NC
How long does it take to sell a home in Broadbay Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 1 Days | -78.6% |
Summary: Homes in Broadbay Township had an average of 1 days on market in May 2024, down by 78.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broadbay Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Broadbay Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
