Is Bald Head Island, 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, Bald Head Island has remained a Seller's Market.
Key Takeaway
Bald Head Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bald Head Island, NC
How much do homes in Bald Head Island, NC cost?
Median Sold Price
$1,297,500
$671/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bald Head Island have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Bald Head Island was $1,297,500 in April 2024, up 5.5% from last year, and the median price per square foot was $671.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $736.7K | $710K | -3.6% |
| 3 Bedrooms | $1.0M | $1.0M | -3.4% |
| 4 Bedrooms | $1.3M | $1.3M | -0.9% |
| 5+ Bedrooms | $1.8M | $2.2M | +19.3% |
Summary: Bald Head Island 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 decreased by 3.6%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 19.3%.
Median Sold Price Compared To Nearby Cities
| Smithville Township | $515K | $562.8K | +9.3% |
| Bald Head Island | $1.2M | $1.2M | +5.5% |
Housing Supply in Bald Head Island, NC
How many homes are available in Bald Head Island, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 55 | +3.8% |
Summary: The Bald Head Island real estate market had 55 homes for sale in April 2024, a 3.8% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 24 | 20 | -16.7% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Bald Head Island 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 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bald Head Island, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Bald Head Island in April 2024, up by 66.7% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Bald Head Island, NC
How long does it take to sell a home in Bald Head Island, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 79 Days | 51 Days | -35.3% |
Summary: Homes in Bald Head Island had an average of 51 days on market in Apr 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bald Head Island are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Bald Head Island; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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