Is Bahama, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Bahama has remained a Seller's Market.
Key Takeaway
Bahama is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bahama, NC
How much do homes in Bahama, NC cost?
Median Sold Price
$512,500
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Bahama have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Bahama was $512,500 in June 2024, up 7.4% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210K | N/A |
| 2 Bedrooms | $385K | $431K | +11.9% |
| 3 Bedrooms | $450K | $510K | +13.3% |
| 4 Bedrooms | $609K | $525K | -13.8% |
| 5+ Bedrooms | $1.4M | - | N/A |
Summary: Bahama housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lebanon Township | $395K | $424.9K | +7.6% |
| Bahama | $477K | $512.5K | +7.4% |
| Mangum Township | $489K | $522.5K | +6.9% |
| Rougemont | $370K | $356.7K | -3.6% |
Housing Supply in Bahama, NC
How many homes are available in Bahama, NC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Bahama real estate market had 11 homes for sale in June 2024, a 15.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bahama housing inventory by bedroom type for June 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 12.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bahama, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Bahama in June 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Bahama, NC
How long does it take to sell a home in Bahama, NC?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 55 Days | 9 Days | -83.1% |
Summary: Homes in Bahama had an average of 9 days on market in Jun 2024, down by 83.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bahama are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 3 homes were sold in Bahama; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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