Is Bald Head Island, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bald Head Island was a Buyer's Market.
Key Takeaway
Bald Head Island is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bald Head Island, NC
How much do homes in Bald Head Island, NC cost?
Median Sold Price
$1,268,000
$642/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bald Head Island have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Bald Head Island was $1,268,000 in May 2024, up 2.3% from last year, and the median price per square foot was $642.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $775K | $605K | -21.9% |
| 3 Bedrooms | $1.0M | $980K | -8.4% |
| 4 Bedrooms | $1.3M | $1.3M | -3.5% |
| 5+ Bedrooms | $1.8M | $2.2M | +18.7% |
Summary: Bald Head Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.9%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Cities
| Smithville Township | $515K | $579.9K | +12.6% |
| Bald Head Island | $1.2M | $1.2M | +2.3% |
Housing Supply in Bald Head Island, NC
How many homes are available in Bald Head Island, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 46 | -16.4% |
Summary: The Bald Head Island real estate market had 46 homes for sale in May 2024, a 16.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 20 | 14 | -30.0% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Bald Head Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bald Head Island, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Bald Head Island in May 2024, down by 30.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Bald Head Island, NC
How long does it take to sell a home in Bald Head Island, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 100 Days | 64 Days | -36.2% |
Summary: Homes in Bald Head Island had an average of 64 days on market in May 2024, down by 36.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bald Head Island are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Bald Head Island; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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