$924,900
1,735 SqFt
3 Beds
•2 Full Baths
#100480898, Listing Office: Redfin Corporation
November 2024
Report Updated 20 Days Ago
Is Oak Island, 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, Oak Island was a Seller's Market.
How much do homes in Oak Island, NC cost?
$637,166
$425/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
Summary: The median home sold price in Oak Island was $637,166 in November 2024, up 15.5% from last year, and the median price per square foot was $425.
# BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $321.4K | $294.2K | -8.5% |
2 Bedrooms | $385K | $392.5K | +1.9% |
3 Bedrooms | $551K | $624.9K | +13.4% |
4 Bedrooms | $778.3K | $815K | +4.7% |
5+ Bedrooms | $1.2M | $1.2M | -2.3% |
Summary: Oak Island housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.5%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 2.3%.
Smithville Township | $525.5K | $618.5K | +17.7% |
Caswell Beach | $550.2K | $645K | +17.2% |
Oak Island | $551.8K | $637.1K | +15.5% |
Saint James | $680K | $707.5K | +4.0% |
Boiling Spring Lakes | $306.9K | $301K | -1.9% |
How many homes are available in Oak Island, NC?
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
311 | 310 | -0.3% |
Summary: The Oak Island real estate market had 310 homes for sale in November 2024, a 0.3% decrease compared to October 2024.
# BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 42 | 42 | 0.0% |
3 Bedrooms | 163 | 160 | -1.8% |
4 Bedrooms | 74 | 72 | -2.7% |
5+ Bedrooms | 32 | 35 | +9.4% |
Summary: The Oak Island housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 9.4%.
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
56 | 36 | -35.7% |
26 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Oak Island in November 2024, down by 35.7% month-over-month. Of the 36 sold homes, 72% were sold under asking, 22% were sold at asking, and 6% were sold over asking.
How long does it take to sell a home in Oak Island, NC?
Nov 2023 | Nov 2024 | CHANGE |
---|---|---|
42 Days | 94 Days | +124.1% |
Summary: Homes in Oak Island had an average of 94 days on market in Nov 2024, up by 124.1% compared to last year.
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During November 2024, 36 homes were sold in Oak Island; 33% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 47% 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 20 Days Ago
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Based on information from Hive MLS, and Canopy MLS for the period 12/01/2022 - 12/01/2024
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
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Last updated on: 12/21/2024, 11:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 11:21:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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