Is Ocean Isle Beach, 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, Ocean Isle Beach has remained a Seller's Market.
Key Takeaway
Ocean Isle Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ocean Isle Beach, NC
How much do homes in Ocean Isle Beach, NC cost?
Median Sold Price
$580,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ocean Isle Beach have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Ocean Isle Beach was $580,000 in March 2024, up 6.9% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.5K | $325K | +11.1% |
| 2 Bedrooms | $430K | $305K | -29.1% |
| 3 Bedrooms | $431K | $469K | +8.8% |
| 4 Bedrooms | $769.5K | $788.7K | +2.5% |
| 5+ Bedrooms | $1.3M | $1.2M | -10.0% |
Summary: Ocean Isle Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 29.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
| Ocean Isle Beach | $542.5K | $580K | +6.9% |
| Shallotte Township | $366.1K | $382.5K | +4.5% |
Housing Supply in Ocean Isle Beach, NC
How many homes are available in Ocean Isle Beach, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 173 | 189 | +9.2% |
Summary: The Ocean Isle Beach real estate market had 189 homes for sale in March 2024, a 9.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 81 | 82 | +1.2% |
| 4 Bedrooms | 46 | 56 | +21.7% |
| 5+ Bedrooms | 35 | 36 | +2.9% |
Summary: The Ocean Isle Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 40 | +135.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ocean Isle Beach, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Ocean Isle Beach in March 2024, up by 135.3% month-over-month. Of the 40 sold homes, 60% were sold under asking, 23% were sold at asking, and 18% were sold over asking.
Days on Market for Ocean Isle Beach, NC
How long does it take to sell a home in Ocean Isle Beach, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 54 Days | -8.4% |
Summary: Homes in Ocean Isle Beach had an average of 54 days on market in Mar 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ocean Isle Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 40 homes were sold in Ocean Isle Beach; 53% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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