Is Emerald Isle, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Emerald Isle was a Seller's Market.
Key Takeaway
Emerald Isle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Emerald Isle, NC
How much do homes in Emerald Isle, NC cost?
Median Sold Price
$785,000
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Emerald Isle have sold for 20.5% more than they did a year ago.
Summary: The median home sold price in Emerald Isle was $785,000 in March 2024, up 20.5% from last year, and the median price per square foot was $487.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $291K | $305.3K | +4.9% |
| 2 Bedrooms | $475K | $557.5K | +17.4% |
| 3 Bedrooms | $610K | $770K | +26.2% |
| 4 Bedrooms | $917.5K | $1.0M | +12.4% |
| 5+ Bedrooms | $1.9M | $1.8M | -1.1% |
Summary: Emerald Isle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| White Oak Township | $465K | $585K | +25.8% |
| Emerald Isle | $651.6K | $785K | +20.5% |
| Morehead Township | $452.8K | $484.1K | +6.9% |
| Indian Beach | $566K | $602K | +6.4% |
Housing Supply in Emerald Isle, NC
How many homes are available in Emerald Isle, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 107 | 117 | +9.3% |
Summary: The Emerald Isle real estate market had 117 homes for sale in March 2024, a 9.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 46 | 48 | +4.3% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Emerald Isle housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 11 | -38.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 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. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Emerald Isle in March 2024, down by 38.9% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 36 Days | -17.1% |
Summary: Homes in Emerald Isle had an average of 36 days on market in Mar 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was 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 March 2024, 11 homes were sold in Emerald Isle; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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