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 June 2023
At the same time last year, Bald Head Island was a Seller's Market.
Key Takeaway
Bald Head Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bald Head Island, NC
How much do homes in Bald Head Island, NC cost?
Median Sold Price
$1,242,500
$626/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Bald Head Island have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Bald Head Island was $1,242,500 in June 2024, down 4.1% from last year, and the median price per square foot was $626.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $775K | $695K | -10.3% |
| 3 Bedrooms | $1.0M | $950.7K | -12.4% |
| 4 Bedrooms | $1.3M | $1.2M | -6.7% |
| 5+ Bedrooms | $1.8M | $2.1M | +13.9% |
Summary: Bald Head Island 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 decreased by 10.3%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Smithville Township | $515.9K | $578K | +12.0% |
| Bald Head Island | $1.2M | $1.2M | -4.1% |
Housing Supply in Bald Head Island, NC
How many homes are available in Bald Head Island, NC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 45 | 46 | +2.2% |
Summary: The Bald Head Island real estate market had 46 homes for sale in June 2024, a 2.2% increase 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Bald Head Island 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 15.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bald Head Island, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Bald Head Island in June 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 42 Days | 70 Days | +64.3% |
Summary: Homes in Bald Head Island had an average of 70 days on market in Jun 2024, up by 64.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bald Head Island has remained consistent over time.
Summary: During June 2024, 6 homes were sold in Bald Head Island; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
