Is Carolina Shores, 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, Carolina Shores has remained a Seller's Market.
Key Takeaway
Carolina Shores is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carolina Shores, NC
How much do homes in Carolina Shores, NC cost?
Median Sold Price
$319,900
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Carolina Shores have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Carolina Shores was $319,900 in May 2024, down 2.6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $279.9K | $280K | 0.0% |
| 3 Bedrooms | $325.2K | $315.4K | -3.0% |
| 4 Bedrooms | $376.3K | $374K | -0.6% |
| 5+ Bedrooms | $393.7K | $381.1K | -3.2% |
Summary: Carolina Shores 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 did not change, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Shallotte Township | $369.8K | $379.5K | +2.6% |
| Calabash | $351.1K | $349.8K | -0.4% |
| Carolina Shores | $328.4K | $319.9K | -2.6% |
Housing Supply in Carolina Shores, NC
How many homes are available in Carolina Shores, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 139 | 156 | +12.2% |
Summary: The Carolina Shores real estate market had 156 homes for sale in May 2024, a 12.2% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 104 | 117 | +12.5% |
| 4 Bedrooms | 25 | 26 | +4.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Carolina Shores 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 20%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 33 | +94.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Carolina Shores, expect to pay close to the asking price. 51.5% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in Carolina Shores in May 2024, up by 94.1% month-over-month. Of the 33 sold homes, 45% were sold under asking, 52% were sold at asking, and 3% were sold over asking.
Days on Market for Carolina Shores, NC
How long does it take to sell a home in Carolina Shores, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 63 Days | 89 Days | +40.1% |
Summary: Homes in Carolina Shores had an average of 89 days on market in May 2024, up by 40.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carolina Shores are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 33 homes were sold in Carolina Shores; 42% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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