Is Bald Head Island, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bald Head Island is a neutral'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

+$28,000(+2.3%)

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $775K$605K
-21.9%
3 $1.0M$980K
-8.4%
4 $1.3M$1.3M
-3.5%
5+ $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
+12.6%
Bald Head Island
+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 2024May 2024CHANGE
5546-16.4%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2014
-30.0%
4 2118
-14.3%
5+ 1111
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 2024May 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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 2023May 2024CHANGE
100 Days64 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Bald Head Island, NC

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