Is Boiling Spring Lakes, 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, Boiling Spring Lakes has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $217.5K | $246.7K | +13.4% |
3 Bedrooms | $306.5K | $313.9K | +2.4% |
4 Bedrooms | $310K | $325.4K | +5.0% |
5+ Bedrooms | - | $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 | $515K | $579.9K | +12.6% |
Oak Island | $532K | $595K | +11.8% |
Town Creek Township | $360K | $385.7K | +7.1% |
Boiling Spring Lakes | $300K | $309.9K | +3.3% |
Winnabow | $355K | $349.7K | -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 2024 | May 2024 | CHANGE |
---|---|---|
65 | 72 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 57 | 62 | +8.8% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 2 | +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 2024 | May 2024 | CHANGE |
---|---|---|
11 | 18 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 45 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
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.