Brunswick County Real Estate Report

by May 5, 2023North Brunswick, Online Exclusives, Real Estate

In March Brunswick County saw its first increase in homes sold in 2023, and with strong demand and low supply it’s still a sellers’ market.

Demand remained strong in Brunswick County’s residential real estate market during March, with total sales volume and the number of homes sold increasing for the first time this year. Meanwhile, new listings were down and the market netted almost no new inventory.

“Home sales are picking up again as we shake off the winter cobwebs,” says Cynthia Walsh, Brunswick County Association of Realtors (BCAR) CEO. “Demand for new homes typically increases as we move into spring, and our market saw 3% more homes sold in March compared to 2022. This increase may seem small compared to 2021’s record-breaking numbers, but the number of homes sold in March 2023 was 21% higher than 2020, 20% higher than 2019 and 16% higher than 2018. With strong demand remaining and low inventory, our market is positioned to remain highly competitive as we move into summer.”

year to date market highlights

Brunswick County saw $237,490,000 in total sales volume in March, an 8% increase from last year’s $219,840,000. The average sales price increased 2.8%, from $432,764 to $445,038. New listings were down 2.6%, from 615 to 599, while the number of units sold increased 3%, from 508 to 523. Homes spent an average of 55 days on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, held steady at 2.5 months, which is still in the sellers’ market territory. Sellers received 97% of the original list price on average. Brunswick County’s luxury market remains strong with 25 sales in excess of $1 million, the largest coming in at $2.6 million on Holden Beach.

Year-to-date sales volume through March totaled $500,790,000, down 10.1% from last year’s $556,820,000. The average sales price for the year is up 0.2% from 2022, increasing from $436,083 to $436,794. The number of units sold through March is down 12.1%, from 1278 to 1123, and the number of new listings is up 8.3%, from 1,450 to 1,570.

market highlights Brunswick County NC

Brunswick County

• New Listings
o March 2023: 599
o March 2022: 615
o Increase/Decrease: -2.6%

• Units Sold
o March 2023: 523
o March 2022: 508
o Increase/Decrease: +3%

• Average Sales Price
o March 2023: $445,083
o March 2022: $432,764
o Increase/Decrease: +2.8%

• Median Sales Price
o March 2023: $364,995
o March 2022: $351,068
o Increase/Decrease: +4%

• Total Sales Volume
o March 2023: $237,490,000
o March 2022: $219,840,000
o Increase/Decrease: +8%

Bladen County

• New Listings
o March 2023: 15
o March 2022: 7
o Increase/Decrease: +114.3%

• Units Sold
o March 2023: 11
o March 2022: 14
o Increase/Decrease: -21.4%

• Average Sales Price
o March 2023: $227,041
o March 2022: $199,886
o Increase/Decrease: +13.6%

• Total Sales Volume
o March 2023: $3,380,000
o March 2022: $2,800,000
o Increase/Decrease: +20.7%

Columbus County

• New Listings
o March 2023: 35
o March 2022: 31
o Increase/Decrease: +12.9%

• Units Sold
o March 2023: 32
o March 2022: 25
o Increase/Decrease: +28%

• Average Sales Price
o March 2023: $194,977
o March 2022: $187,320
o Increase/Decrease: +4.1%

• Total Sales Volume
o March 2023: $6,090,000
o March 2022: $4,680,000
o Increase/Decrease: +30.1%

Robeson County

• New Listings
o March 2023: 4
o March 2022: 4
o Increase/Decrease: 0%

• Units Sold
o March 2023: 3
o March 2022: 8
o Increase/Decrease: -62.5%

• Average Sales Price
o March 2023: $145,478
o March 2022: $111,428
o Increase/Decrease: +30.6%

• Total Sales Volume
o March 2023: $418,900
o March 2022: $891,420
o Increase/Decrease: -53%

For more information about BCAR, visit bcarnc.com.

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