Is Boiling Spring Lakes, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boiling Spring Lakes is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Boiling Spring Lakes has remained a Seller's Market.

Key Takeaway

Boiling Spring Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Boiling Spring Lakes, NC

How much do homes in Boiling Spring Lakes, NC cost?

Median Sold Price

$309,900

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,900(+3.3%)

Key Takeaway

Homes in Boiling Spring Lakes have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Boiling Spring Lakes was $309,900 in May 2024, up 3.3% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $217.5K$246.7K
+13.4%
3 $306.5K$313.9K
+2.4%
4 $310K$325.4K
+5.0%
5+ -$590K
N/A

Summary: Boiling Spring Lakes 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 13.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Smithville Township
+12.6%
Oak Island
+11.8%
Town Creek Township
+7.1%
Boiling Spring Lakes
+3.3%
Winnabow
-1.5%

Housing Supply in Boiling Spring Lakes, NC

How many homes are available in Boiling Spring Lakes, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6572+10.8%

Summary: The Boiling Spring Lakes real estate market had 72 homes for sale in May 2024, a 10.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 5762
+8.8%
4 11
0.0%
5+ 12
+100.0%

Summary: The Boiling Spring Lakes 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 16.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1118+63.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boiling Spring Lakes, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Summary: A total of 18 homes were sold or pending in Boiling Spring Lakes in May 2024, up by 63.6% month-over-month. Of the 18 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.

Days on Market for Boiling Spring Lakes, NC

How long does it take to sell a home in Boiling Spring Lakes, NC?

Average Sale Time

May 2023May 2024CHANGE
14 Days45 Days+210.0%

Summary: Homes in Boiling Spring Lakes had an average of 45 days on market in May 2024, up by 210% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Boiling Spring Lakes are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 18 homes were sold in Boiling Spring Lakes; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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