$6,769 Closing Credit*
$570,000
2,628 SqFt
3 Beds
•2 Full Baths, 1 Partial
Brooke Fulford, Listing Office: West & Woodall Real Estate - D
Is Bahama, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,000(+3.4%)
Key Takeaway
Homes in Bahama have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Bahama was $510,000 in October 2024, up 3.4% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | - | N/A |
| 2 Bedrooms | - | $340.2K | N/A |
| 3 Bedrooms | $459K | $510K | +11.1% |
| 4 Bedrooms | $557.5K | $567.4K | +1.8% |
| 5+ Bedrooms | $1.4M | - | N/A |
Summary: Bahama housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mangum Township | $502K | $540K | +7.6% |
| Rougemont | $355K | $373.5K | +5.2% |
| Lebanon Township | $401K | $420K | +4.7% |
| Bahama | $493K | $510K | +3.4% |
Housing Supply in Bahama, NC
How many homes are available in Bahama, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The Bahama real estate market had 12 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Bahama housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bahama, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Bahama in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 14 Days | -76.9% |
Summary: Homes in Bahama had an average of 14 days on market in Oct 2024, down by 76.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bahama are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Bahama; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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