Is Cedar Point, 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, Cedar Point has remained a Seller's Market.
Housing Prices in Cedar Point, NC
How much do homes in Cedar Point, NC cost?
Median Sold Price
$565,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cedar Point was $565,000 in May 2024, up 27% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $260K | N/A |
2 Bedrooms | $271.5K | $291K | +7.2% |
3 Bedrooms | $480K | $453.1K | -5.6% |
4 Bedrooms | $555K | $617.5K | +11.3% |
5+ Bedrooms | - | - | N/A |
Summary: Cedar Point 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 7.2%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Cedar Point | $445K | $565K | +27.0% |
White Oak Township | $477.1K | $601K | +26.0% |
Swansboro | $346.5K | $400.7K | +15.6% |
Cape Carteret | $395K | $438K | +10.9% |
Housing Supply in Cedar Point, NC
How many homes are available in Cedar Point, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Summary: The Cedar Point real estate market had 27 homes for sale in May 2024, a 8.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedar Point 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 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Cedar Point in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Cedar Point, NC
How long does it take to sell a home in Cedar Point, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 23 Days | +138.6% |
Summary: Homes in Cedar Point had an average of 23 days on market in May 2024, up by 138.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Cedar Point; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.