$3,554 Closing Credit*
$299,300
1,467 SqFt
3 Beds
•2 Full Baths
Jeff Stone, Kay Mitchell, Listing Office: Stone Auction & Realty
Is Bailey, 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, Bailey has remained a Buyer's Market.
Key Takeaway
Bailey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bailey, NC
How much do homes in Bailey, NC cost?
Median Sold Price
$322,900
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,900(+1.2%)
Key Takeaway
Homes in Bailey have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Bailey was $322,900 in October 2024, up 1.2% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205K | $196.2K | -4.3% |
| 3 Bedrooms | $300K | $316.9K | +5.6% |
| 4 Bedrooms | $360K | $362.9K | +0.8% |
| 5+ Bedrooms | $374.8K | $350K | -6.6% |
Summary: Bailey 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 decreased by 4.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Cities
| Bailey Township | $314.5K | $323.8K | +3.0% |
| Bailey | $319K | $322.9K | +1.2% |
Housing Supply in Bailey, NC
How many homes are available in Bailey, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The Bailey real estate market had 21 homes for sale in October 2024, a 12.5% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bailey 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 decreased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 1 | -87.5% |
Asking Price vs. Sold Price
0 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 Bailey, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Bailey in October 2024, down by 87.5% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 98 Days | +73.1% |
Summary: Homes in Bailey had an average of 98 days on market in Oct 2024, up by 73.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Bailey are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Bailey; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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