Is Bailey Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bailey Township has remained a Seller's Market.
Housing Prices in Bailey Township, NC
How much do homes in Bailey Township, NC cost?
Median Sold Price
$300,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bailey Township was $300,000 in March 2024, down 1.9% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $132.5K | $202.5K | +52.8% |
3 Bedrooms | $303.9K | $300K | -1.3% |
4 Bedrooms | $361K | $412.5K | +14.3% |
5+ Bedrooms | $502.4K | - | N/A |
Summary: Bailey Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52.8%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Ferrells Township | $298.7K | $310K | +3.8% |
Dry Wells Township | $299.9K | $305K | +1.7% |
Bailey | $305.4K | $301.2K | -1.4% |
Bailey Township | $305.9K | $300K | -1.9% |
Jackson Township | $380K | $325K | -14.5% |
Housing Supply in Bailey Township, NC
How many homes are available in Bailey Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 24 | +14.3% |
Summary: The Bailey Township real estate market had 24 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bailey Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Bailey Township in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Bailey Township, NC
How long does it take to sell a home in Bailey Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 87 Days | +70.6% |
Summary: Homes in Bailey Township had an average of 87 days on market in Mar 2024, up by 70.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Bailey Township; 0% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.