$3,859 Closing Credit*
$325,000
1,550 SqFt
3 Beds
•2 Full Baths
#100480233, Listing Office: Coldwell Banker HPW Raleigh Midtown
Is Bailey, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Bailey was a Seller'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
$322,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,000(+0.9%)
Key Takeaway
Homes in Bailey have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Bailey was $322,000 in November 2024, up 0.9% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205K | $196.2K | -4.3% |
| 3 Bedrooms | $300K | $317.9K | +6.0% |
| 4 Bedrooms | $360.2K | $362.9K | +0.7% |
| 5+ Bedrooms | $474.5K | $350K | -26.2% |
Summary: Bailey housing prices by bedroom type for November 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 6%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 26.2%.
Median Sold Price Compared To Nearby Cities
| Bailey Township | $314.9K | $322.9K | +2.5% |
| Bailey | $319K | $322K | +0.9% |
Housing Supply in Bailey, NC
How many homes are available in Bailey, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 30 | +25.0% |
Summary: The Bailey real estate market had 30 homes for sale in November 2024, a 25.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bailey housing inventory by bedroom type for November 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 29.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
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 November 2024, down by 66.7% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 7 Days | -91.3% |
Summary: Homes in Bailey had an average of 7 days on market in Nov 2024, down by 91.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bailey are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Bailey; 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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