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 April 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
$576,666
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ocean Isle Beach was $576,666 in April 2024, up 1.3% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $292.5K | $325K | +11.1% |
2 Bedrooms | $426.7K | $312.5K | -26.8% |
3 Bedrooms | $447.5K | $480K | +7.3% |
4 Bedrooms | $785K | $766K | -2.4% |
5+ Bedrooms | $1.3M | $1.2M | -8.1% |
Summary: Ocean Isle Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 26.8%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Cities
Shallotte Township | $367.9K | $385K | +4.7% |
Ocean Isle Beach | $569K | $576.6K | +1.3% |
Housing Supply in Ocean Isle Beach, NC
How many homes are available in Ocean Isle Beach, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
192 | 200 | +4.2% |
Summary: The Ocean Isle Beach real estate market had 200 homes for sale in April 2024, a 4.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 13 | 19 | +46.2% |
3 Bedrooms | 85 | 90 | +5.9% |
4 Bedrooms | 56 | 53 | -5.4% |
5+ Bedrooms | 37 | 38 | +2.7% |
Summary: The Ocean Isle Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 2.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 34 | -20.9% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Ocean Isle Beach in April 2024, down by 20.9% month-over-month. Of the 34 sold homes, 74% were sold under asking, 15% were sold at asking, and 12% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 59 Days | -9.0% |
Summary: Homes in Ocean Isle Beach had an average of 59 days on market in Apr 2024, down by 9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Ocean Isle Beach; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.