Is Ocean Isle Beach, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ocean Isle Beach is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Ocean Isle Beach was a Seller's Market.

Key Takeaway

Ocean Isle Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ocean Isle Beach, NC

How much do homes in Ocean Isle Beach, NC cost?

Median Sold Price

$565,000

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$24,916(-4.2%)

Key Takeaway

Homes in Ocean Isle Beach have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in Ocean Isle Beach was $565,000 in May 2024, down 4.2% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $310K$319.9K
+3.2%
2 $405K$310K
-23.5%
3 $465K$461K
-0.9%
4 $785K$766K
-2.4%
5+ $1.3M$1.2M
-8.7%

Summary: Ocean Isle Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 8.7%.

Median Sold Price Compared To Nearby Cities

Shallotte Township
+2.6%
Ocean Isle Beach
-4.2%

Housing Supply in Ocean Isle Beach, NC

How many homes are available in Ocean Isle Beach, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
205207+1.0%

Summary: The Ocean Isle Beach real estate market had 207 homes for sale in May 2024, a 1.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2125
+19.0%
3 9799
+2.1%
4 5153
+3.9%
5+ 3630
-16.7%

Summary: The Ocean Isle Beach 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 increased by 19%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3524-31.4%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ocean Isle Beach, you may be able to get a good deal. 79.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Ocean Isle Beach in May 2024, down by 31.4% month-over-month. Of the 24 sold homes, 79% were sold under asking, 13% 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

May 2023May 2024CHANGE
61 Days56 Days-8.4%

Summary: Homes in Ocean Isle Beach had an average of 56 days on market in May 2024, down by 8.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ocean Isle Beach are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 24 homes were sold in Ocean Isle Beach; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 Ocean Isle Beach, NC

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