Is Shallotte, 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, Shallotte has remained a Seller's Market.
Key Takeaway
Shallotte is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shallotte, NC
How much do homes in Shallotte, NC cost?
Median Sold Price
$334,900
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shallotte have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Shallotte was $334,900 in May 2024, up 5.8% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.9K | $212K | +28.6% |
| 2 Bedrooms | $243.7K | $295.5K | +21.2% |
| 3 Bedrooms | $306.5K | $339.9K | +10.9% |
| 4 Bedrooms | $344K | $344.5K | 0.1% |
| 5+ Bedrooms | $347.5K | - | N/A |
Summary: Shallotte housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Supply | $430.6K | $550K | +27.7% |
| Lockwoods Folly Township | $399.4K | $483.4K | +21.0% |
| Shallotte | $316.5K | $334.9K | +5.8% |
| Shallotte Township | $369.8K | $379.5K | +2.6% |
| Ash | $397.7K | $368.1K | -7.4% |
Housing Supply in Shallotte, NC
How many homes are available in Shallotte, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 84 | 0.0% |
Summary: The Shallotte real estate market had 84 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 60 | 60 | 0.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Shallotte housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 24 | +71.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shallotte, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Shallotte in May 2024, up by 71.4% month-over-month. Of the 24 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Shallotte, NC
How long does it take to sell a home in Shallotte, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 107 Days | +83.8% |
Summary: Homes in Shallotte had an average of 107 days on market in May 2024, up by 83.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shallotte are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Shallotte; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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