Is Bahama, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bahama has remained a Seller's Market.
Key Takeaway
Bahama is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bahama, NC
How much do homes in Bahama, NC cost?
Median Sold Price
$510,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bahama have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Bahama was $510,000 in April 2024, up 13.3% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210K | N/A |
| 2 Bedrooms | $357.5K | $431K | +20.6% |
| 3 Bedrooms | $415K | $493K | +18.8% |
| 4 Bedrooms | $603K | $522.5K | -13.3% |
| 5+ Bedrooms | $1.4M | - | N/A |
Summary: Bahama housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bahama | $450K | $510K | +13.3% |
| Lebanon Township | $399K | $424K | +6.3% |
| Mangum Township | $500K | $510K | +2.0% |
| Rougemont | $369.9K | $370.2K | 0.1% |
Housing Supply in Bahama, NC
How many homes are available in Bahama, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Bahama real estate market had 13 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bahama housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bahama, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bahama in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Bahama, NC
How long does it take to sell a home in Bahama, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 74 Days | 25 Days | -66.3% |
Summary: Homes in Bahama had an average of 25 days on market in Apr 2024, down by 66.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bahama are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Bahama; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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