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Sarah Mitchell

CNESRESABR

Compass Real Estate · Broadway, NC

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Broadway, NC(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Broadway, NC Housing Market

Balanced market+3.3% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through April 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly

The typical home in Broadway, NC is worth $273,569, rose 3.3% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $278,000, +8.2% year over year (through May 2026). With 5.0 months of supply and homes going under contract in about 13 days, Broadway is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $273,569 home is about $1,460/mo in principal and interest.

Key numbers for Broadway, NC

Typical home value

$273,569

+3.3% in 12 months

Zillow, August 2026

Median sale price

$278,000

+8.2% year over year

Redfin, through April 2026

Days on market

13

Fast-moving

Redfin, through April 2026

Active listings

5

5.0 months of supply

Redfin, through April 2026

30-yr fixed rate

7.03%

Freddie Mac weekly average

Freddie Mac via FRED, September 2026

Median household income

$62,679

Home costs 4.4x income

U.S. Census ACS, 2023

Sale-to-list ratio

100.0%

Selling above asking

Redfin, through April 2026

Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.

Is Broadway a buyer's or seller's market?

Balanced market5.0 months of supply13 days on market100.0% of asking

Broadway, NC is a balanced market, based on 5.0 months of supply and homes selling in about 13 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.

Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from

What does the Broadway housing market data show?

Every row below is Redfin's final published month for Broadway, NC. Redfin, through April 2026

Housing market statistics for Broadway, NC, Redfin through May 2026
MetricValue
Median sale price$278,000
Median list price$414,250
Year-over-year price change+8.2%
Median price per sq ft$182/sq ft
Median days on market13 days
Active inventory5 listings
Months of supply5.0 months
Sale-to-list price ratio100.0%
Homes sold (that month)1
New listings (that month)2
Listings with a price cut40.0%
Market conditionBalanced market

How to read these numbers

Median sale price
Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Broadway is frozen at May 2026.
Typical home value (ZHVI)
Zillow's estimate of what a mid-market home in Broadway is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
Months of supply
How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
Days on market
Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
Sale-to-list ratio
Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
Price per square foot
The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
Listings with a price cut
Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
Typical asking rent (ZORI)
Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.

How have Broadway home prices moved?

Over the last three years the median sale price in Broadway, NC fell 17.0%, from $335,000 to $278,000. The live Zillow value series has rose 3.3% in the last 12 months, which is the more current read now that Redfin's series has stopped. 40.0% of Broadway listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 5.0 months while the sale-to-list ratio slips below its current 100.0%. Watch those two together — they move before the median does.

Redfin, through April 2026 — the chart ends at Redfin's final published month.

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What does it cost to buy a home in Broadway?

Priced off the typical home value of $273,569 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.

Monthly principal and interest by down payment in Broadway, NC
Down paymentCash at closeLoan amountMonthly P&I
20%$54,714$218,855$1,460/mo
5%$13,678$259,891$1,734/mo

Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate

What income do you need?

Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,460, that implies roughly $62,591 a year before you add taxes and insurance. The median household in Broadway earns $62,679, about $88 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.4x — above the historical 3x norm but in line with much of the country in 2026.

Run it with your own numbers: affordability calculator · mortgage calculator

Buying in Broadway in the next 12 months?

Tell us your timeline. We send the Broadway market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.

No spam, no reselling your details. Market data on this site is informational and is not financial, investment, or real estate advice.

Is it cheaper to rent or buy in Broadway?

Zillow does not publish a rent index (ZORI) for Broadway, NC, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.

Is inventory rising or falling in Broadway?

Active listings in Broadway, NC went from 7 in December 2024 to 5 in April 2026, a -28.6% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.

Active listings by month in Broadway, NC
MonthActive listingsNew listings
January 20253not published
March 202513
April 202543
June 202563
August 202552
September 202563
October 202553
November 202552
December 202531
January 202631
March 202632
April 202652

Redfin, through April 2026

How does Broadway compare to North Carolina and the U.S.?

Broadway homes sell for $278,000 — 30% below the North Carolina median of $397,600. Against the national median of $410,700, Broadway runs 32% lower. Year-over-year, Broadway moved +8.2% against North Carolina's +2.1% — a bigger swing than the state as a whole.

Broadway, NC compared with North Carolina and the United States
MarketMedian sale priceYoYDays on market
Broadway, NC$278,000+8.2%13 days
North Carolina statewide$397,600+2.1%52 days
United States$410,700not publishednot published

City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)

What to do next in Broadway

What buyers should watch

  • Months of supply, currently 5.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
  • The share of listings cutting price, currently 40.0%. A listing that has already cut once is the one most likely to accept below asking.
  • The gap between 5% and 20% down here is $274 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
  • Rate moves. At 7.03%, every full point of rate change moves the payment on a $273,569 home more than a 5% price change does.
  • Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.

What sellers should know

  • The median Broadway listing goes under contract in 13 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
  • Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
  • In the last published month Broadway added 2 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
  • Your equity moved +3.3% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
  • Comparable ZIP-level pricing inside Broadway varies more than the citywide median suggests — check the ZIP pages below before you set a number.

Homes for sale in Broadway

There are currently 5 homes listed for sale in Broadway, North Carolina. The median listing price is $414K.

Active listings

5

Homes on market

Median list price

$414K

Avg. days on market

13

Days until sale

New this week

2

Newly listed

Price drops:40.0%of listings
Sale-to-list:100.0%

How much do homes cost in Broadway by property type?

How the Broadway, NC market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026

Median price, price per square foot, homes sold and days on market by property type in Broadway, NC
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$278,000$182/sq ft113 days
Townhouse$248,000$179/sq ft11 days

Who lives in Broadway?

American Community Survey estimates for Broadway. U.S. Census ACS, 2023

Population

1,429

Households

646

Median income

$62,679/yr

Median age

48.1 years

Owner-occupied

78.8%

Median home value

$236,100

Median gross rent

$924/mo

Mean commute

28.9 min

78.8% of occupied homes in Broadway are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $236,100 against Zillow's $273,569 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.

Which public schools serve Broadway?

1 schools tracked · 482 students

The largest public schools serving Broadway, NC by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

Broadway Elementary

Grades PK-5 · 482 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

Which cities are near Broadway, NC?

Ordered by distance from Broadway, not by size. Compare Broadway side by side with any of them.

Broadway housing market FAQ

Is Broadway a buyer's or seller's market?

Broadway, NC is currently a balanced market. That read comes from 5.0 months of supply, homes going under contract in about 13 days, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).

How much do homes cost in Broadway?

The typical home in Broadway, NC is worth $273,569 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $278,000, about $182 per square foot.

Is Broadway cheaper than the rest of North Carolina?

Broadway's median sale price of $278,000 is 30% lower than the North Carolina statewide median of $397,600, and 32% below the U.S. median of $410,700. Both figures are for the same period.

How long do homes take to sell in Broadway?

Homes in Broadway, NC spent a median of 13 days on market before going under contract, versus 52 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)

What income do you need to buy a home in Broadway?

At the current 30-year fixed rate of 7.03%, 20% down on a $273,569 home is about $1,460 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $62,591 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $62,679.

Are home prices rising in Broadway?

The typical home value in Broadway, NC rose 3.3% over the last 12 months, from $264,785 to $273,569 (Zillow, August 2026). This is the live series — it refreshes monthly.

What are the cheapest ZIP codes in Broadway?

Broadway ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.

Is now a good time to buy in Broadway?

That depends on your timeline, not on a headline. What the data says today: Broadway, NC is a balanced market with 5.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.

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No spam, no reselling your details. Market data on this site is informational and is not financial, investment, or real estate advice.