Is Emerald Isle, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Emerald Isle is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Emerald Isle was a Seller's Market.

Key Takeaway

Emerald Isle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Emerald Isle, NC

How much do homes in Emerald Isle, NC cost?

Median Sold Price

$775,000

$493/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+3.3%)

Key Takeaway

Homes in Emerald Isle have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Emerald Isle was $775,000 in November 2024, up 3.3% from last year, and the median price per square foot was $493.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $305.3K$307.5K
+0.7%
2 $515K$575K
+11.7%
3 $721K$675K
-6.4%
4 $949K$1.1M
+21.7%
5+ $1.8M$1.5M
-16.2%

Summary: Emerald Isle housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes decreased by 16.2%.

Median Sold Price Compared To Nearby Cities

White Oak Township
+9.1%
Morehead Township
+7.2%
Emerald Isle
+3.3%
Indian Beach
-6.3%

Housing Supply in Emerald Isle, NC

How many homes are available in Emerald Isle, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1051050.0%

Summary: The Emerald Isle real estate market had 105 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 1716
-5.9%
3 5251
-1.9%
4 2219
-13.6%
5+ 1115
+36.4%

Summary: The Emerald Isle housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 36.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Emerald Isle, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Emerald Isle in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 85% were sold under asking, 15% were sold at asking, and 0% were sold over asking.

Days on Market for Emerald Isle, NC

How long does it take to sell a home in Emerald Isle, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days94 Days+195.4%

Summary: Homes in Emerald Isle had an average of 94 days on market in Nov 2024, up by 195.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Emerald Isle are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in Emerald Isle; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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