Is Sunset Beach, 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, Sunset Beach has remained a Seller's Market.
Housing Prices in Sunset Beach, NC
How much do homes in Sunset Beach, NC cost?
Median Sold Price
$450,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sunset Beach was $450,000 in May 2024, up 4.7% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | $140K | +9.8% |
2 Bedrooms | $260K | $272.5K | +4.8% |
3 Bedrooms | $380K | $405K | +6.6% |
4 Bedrooms | $562.1K | $632K | +12.4% |
5+ Bedrooms | $949.9K | $652.5K | -31.3% |
Summary: Sunset Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 31.3%.
Median Sold Price Compared To Nearby Cities
Sunset Beach | $430K | $450K | +4.7% |
Shallotte Township | $369.8K | $379.5K | +2.6% |
Housing Supply in Sunset Beach, NC
How many homes are available in Sunset Beach, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
154 | 161 | +4.5% |
Summary: The Sunset Beach real estate market had 161 homes for sale in May 2024, a 4.5% 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 | 25 | 28 | +12.0% |
3 Bedrooms | 89 | 82 | -7.9% |
4 Bedrooms | 29 | 35 | +20.7% |
5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Sunset Beach 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 12%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 37 | +32.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Sunset Beach in May 2024, up by 32.1% month-over-month. Of the 37 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% were sold over asking.
Days on Market for Sunset Beach, NC
How long does it take to sell a home in Sunset Beach, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 53 Days | +3.2% |
Summary: Homes in Sunset Beach had an average of 53 days on market in May 2024, up by 3.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in Sunset Beach; 46% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.