Is Emerald Isle, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Emerald Isle has remained a Seller's Market.
Key Takeaway
Emerald Isle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Emerald Isle, NC
How much do homes in Emerald Isle, NC cost?
Median Sold Price
$780,000
$502/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Emerald Isle have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Emerald Isle was $780,000 in May 2024, up 11.9% from last year, and the median price per square foot was $502.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $291K | $307.5K | +5.7% |
| 2 Bedrooms | $490K | $575K | +17.3% |
| 3 Bedrooms | $652.5K | $769K | +17.9% |
| 4 Bedrooms | $899.5K | $1.1M | +22.3% |
| 5+ Bedrooms | $2.0M | $1.8M | -9.8% |
Summary: Emerald Isle housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
| White Oak Township | $477.1K | $601K | +26.0% |
| Emerald Isle | $696.9K | $780K | +11.9% |
| Morehead Township | $450.2K | $485K | +7.7% |
| Indian Beach | $600K | $606K | +1.0% |
Housing Supply in Emerald Isle, NC
How many homes are available in Emerald Isle, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 125 | 128 | +2.4% |
Summary: The Emerald Isle real estate market had 128 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 52 | 56 | +7.7% |
| 4 Bedrooms | 28 | 28 | 0.0% |
| 5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The Emerald Isle housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Emerald Isle, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Emerald Isle in May 2024, up by 4.3% month-over-month. Of the 24 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Emerald Isle, NC
How long does it take to sell a home in Emerald Isle, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 87 Days | 38 Days | -56.5% |
Summary: Homes in Emerald Isle had an average of 38 days on market in May 2024, down by 56.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Emerald Isle are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Emerald Isle; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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