Is Sneads Ferry, 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, Sneads Ferry has remained a Seller's Market.
Key Takeaway
Sneads Ferry is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sneads Ferry, NC
How much do homes in Sneads Ferry, NC cost?
Median Sold Price
$389,315
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sneads Ferry have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Sneads Ferry was $389,315 in May 2024, up 6.6% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $193.7K | $207.5K | +7.1% |
| 2 Bedrooms | $350K | $340K | -2.9% |
| 3 Bedrooms | $340K | $360.1K | +5.9% |
| 4 Bedrooms | $410K | $416.7K | +1.6% |
| 5+ Bedrooms | $830K | $795K | -4.2% |
Summary: Sneads Ferry housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
| North Topsail Beach | $460K | $500K | +8.7% |
| Sneads Ferry | $365K | $389.3K | +6.6% |
| Stump Sound Township | $346.5K | $366.3K | +5.7% |
| Hubert | $237.8K | $250.1K | +5.2% |
Housing Supply in Sneads Ferry, NC
How many homes are available in Sneads Ferry, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 364 | 382 | +4.9% |
Summary: The Sneads Ferry real estate market had 382 homes for sale in May 2024, a 4.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 24 | 0.0% |
| 2 Bedrooms | 53 | 58 | +9.4% |
| 3 Bedrooms | 141 | 141 | 0.0% |
| 4 Bedrooms | 95 | 102 | +7.4% |
| 5+ Bedrooms | 51 | 57 | +11.8% |
Summary: The Sneads Ferry 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 9.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 68 | +13.3% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sneads Ferry, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in Sneads Ferry in May 2024, up by 13.3% month-over-month. Of the 68 sold homes, 47% were sold under asking, 37% were sold at asking, and 16% were sold over asking.
Days on Market for Sneads Ferry, NC
How long does it take to sell a home in Sneads Ferry, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 53 Days | -10.5% |
Summary: Homes in Sneads Ferry had an average of 53 days on market in May 2024, down by 10.5% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sneads Ferry are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 68 homes were sold in Sneads Ferry; 51% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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