Is Bailey, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bailey was a Buyer's Market.
Housing Prices in Bailey, NC
How much do homes in Bailey, NC cost?
Median Sold Price
$302,596
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bailey was $302,596 in April 2024, down 0.8% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $132.5K | $202.5K | +52.8% |
3 Bedrooms | $302.4K | $302.5K | 0.1% |
4 Bedrooms | $384.1K | $362.6K | -5.6% |
5+ Bedrooms | $630K | - | N/A |
Summary: Bailey 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 52.8%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bailey | $305K | $302.5K | -0.8% |
Bailey Township | $305.9K | $301.2K | -1.5% |
Housing Supply in Bailey, NC
How many homes are available in Bailey, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 19 | -17.4% |
Summary: The Bailey real estate market had 19 homes for sale in April 2024, a 17.4% decrease 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 | 1 | 1 | 0.0% |
3 Bedrooms | 19 | 15 | -21.1% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bailey 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 remained the same, 3 bedroom homes decreased by 21.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Bailey in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Bailey, NC
How long does it take to sell a home in Bailey, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 37 Days | +23.0% |
Summary: Homes in Bailey had an average of 37 days on market in Apr 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Bailey; 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.