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Brunswick County Real Estate Market Holding Steady

Updated: Aug 28, 2023

April’s numbers similar to last year

Brunswick County’s residential real estate market remained relatively stable in April, with numbers comparable to April 2022. The average sale price inched up compared to last year, while the number of new listings and homes sold both dropped slightly. Additionally, the market saw a near-equal amount of affordable and luxury sales.

“While we saw fewer homes sold in April, the dip is less than what we saw in January and February,” said Cynthia Walsh, BCAR CEO. “Prices were up slightly, and the average days on the market held steady compared to last year. Seeing equal numbers of affordable and luxury housing is another indicator that the market is balancing out and holding steady overall.”

“Half of all sales in April were new construction, a fact that would have sounded outrageous in the thick of the pandemic, and which still sounds outrageous in many other markets,” Walsh added. “It goes to show that things aren’t slowing down in Brunswick County.”

Brunswick County saw $198,900,000 in total sales volume in April, an 8.7% decrease from $217,860,000 in April 2022. The average sales price increased 0.2%, from $451,993 to $453,078. New listings fell 5.6%, from 586 to 553. The number of units sold dropped 8.9%, from 482 to 439. There were zero sales over list price in April. 32% of sales were exactly at list price. The absorption rate, which is the amount of time it would take to sell all available inventory, and the average number of days on the market held steady at around two months.

Year-to-date sales volume through April totaled $699,690,000, which is down 9.7% from last year’s $774,680,000. The average sales price for the year inched up 0.2% from 2022, increasing from $440,060 to $440,865. The number of units sold through April fell 11.3%, from 1,760 to 1,562, and the number of new listings is up 4.3%, from 2,036 to 2,123.

Brunswick County Residential Real Estate Market Update - April 2023

New Listings

April 2023: 553

April 2022: 586

Increase/Decrease: -5.6%

Units Sold

April 2023: 439

April 2022: 482

Increase/Decrease: -8.9%

Average Sales Price

April 2023: $453,078

April 2022: $451,993

Increase/Decrease: +0.2%

Median Sales Price

April 2023: $370,000

April 2022: $379,450

Increase/Decrease: -2.5%

Total Sales Volume

April 2023: $198,900,000

April 2022: $217,860,000

Increase/Decrease: -8.7%

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