Home Values

Sunset Beach Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$204,100

  • -7.2% 1-year change
  • -1.8% 1-year forecast

The median home value in Sunset Beach is $204,100. Sunset Beach home values have declined -7.2% over the past year and Zillow predicts they will fall -1.8% within the next year. The median list price per square foot in Sunset Beach is $148, which is higher than the Wilmington Metro average of $129. The median price of homes currently listed in Sunset Beach is $269,000 while the median price of homes that sold is $189,200. The median rent price in Sunset Beach is $950, which is lower than the Wilmington Metro median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In Sunset Beach 1.1 homes are foreclosed (per 10,000). This is lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Sunset Beach is 2.7%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Sunset Beach homeowners underwater on their mortgage is 10.8%.

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Relative ZHVI
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Sunset Beach Market Overview

Data through Feb 28, 2015
  • $204,100 ZHVI
  • -1.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $269,000 Median listing price
  • No recent data Median sale price
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Sunset Beach Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 10.8% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 2.7% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.1 homes(Dec 31, 2014) Sunset Beach
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Holden Beach $387,000
Ocean Isle Beach $332,400
Briarcliffe Acres $310,500
Name Median ZHVI
Shallotte $178,700
North Myrtle Beach $175,800
Carolina Shores $153,100
Name Median ZHVI
Ash $151,800
Little River $131,200
Calabash $85,500

Listings & Sales

Data through Feb 28, 2015
  • $148 Median list price / sq ft
  • $123 Median sale price / sq ft (Dec 31, 2014)
  • 6.8% Listings with price cut
30.8%
Sold below listing
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Sunset Beach Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,244 Sunset Beach
    $1,250 Wilmington Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $950 Rent list price
  • $0.84 Rent list price / sq ft
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