Southport, NC housing market update: higher prices, slower pace, and what’s listed now
Southport, NC – March 4, 2026 – A skimmable market check using Redfin and Zillow: elevated pricing metrics, longer time on market, and 182 active listings spanning entry-level t…
Southport’s housing picture looks mixed heading into spring: Redfin’s most recent snapshot highlights higher headline prices, while several pace and pricing-to-list indicators point to a slower, more negotiable market than many sellers may expect.
Top takeaways (from Redfin + Zillow)
- Price level: Redfin’s Dec 2025 snapshot showed a median sale price around $720K, up 56.5% year over year.
- Speed: Market pace looks slower. Redfin reported a 164 median days on market, while a separate competitiveness view was closer to 88 days.
- Supply to browse: Zillow currently shows 182 for-sale listings, ranging from sub-$300K options to about $1.5M.
Market snapshot details
Beyond the median price, Redfin reported a median sale price per square foot of $219 in Dec 2025 (down 23.7% year over year). Sales activity also looked lighter: five homes sold in Dec 2025 versus 17 in the prior year’s month.
On pricing versus expectations, Redfin’s competitiveness metrics indicate the average home sells for about 4% below list price. That can translate into negotiating room for buyers, especially when longer time-on-market numbers are showing up alongside elevated headline prices.
What’s for sale right now
- Entry-level single-family inventory around the high-$200Ks to low-$300Ks.
- Move-up choices in the $400Ks to $800Ks, plus a smaller set of $1.3M–$1.5M listings; some are flagged as new construction.
Mortgage rate check
Freddie Mac’s Primary Mortgage Market Survey dated Feb. 26, 2026 put the average 30-year fixed at 5.98% (with the 15-year at 5.44%). With rates near that level, the next key question locally is whether spring activity shows up more as price cuts or as multiple-offer situations on the best-positioned homes.