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 June 2023
Since last year, Ocean Isle Beach has remained a Seller's Market.
Housing Prices in Ocean Isle Beach, NC
How much do homes in Ocean Isle Beach, NC cost?
Median Sold Price
$578,750
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Ocean Isle Beach was $578,750 in June 2024, up 1.5% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $309.9K | -4.6% |
2 Bedrooms | $405K | $302.1K | -25.4% |
3 Bedrooms | $465K | $475K | +2.2% |
4 Bedrooms | $785K | $802.5K | +2.2% |
5+ Bedrooms | $1.2M | $1.2M | -2.4% |
Summary: Ocean Isle Beach housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 25.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
Ocean Isle Beach | $570K | $578.7K | +1.5% |
Shallotte Township | $370.4K | $375.6K | +1.4% |
Housing Supply in Ocean Isle Beach, NC
How many homes are available in Ocean Isle Beach, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
202 | 212 | +5.0% |
Summary: The Ocean Isle Beach real estate market had 212 homes for sale in June 2024, a 5.0% 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 | 24 | 26 | +8.3% |
3 Bedrooms | 98 | 98 | 0.0% |
4 Bedrooms | 51 | 61 | +19.6% |
5+ Bedrooms | 29 | 27 | -6.9% |
Summary: The Ocean Isle Beach 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 increased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 6.9%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
24 | 36 | +50.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Ocean Isle Beach in June 2024, up by 50.0% month-over-month. Of the 36 sold homes, 78% were sold under asking, 14% were sold at asking, and 8% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
51 Days | 103 Days | +101.5% |
Summary: Homes in Ocean Isle Beach had an average of 103 days on market in Jun 2024, up by 101.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During June 2024, 36 homes were sold in Ocean Isle Beach; 28% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.