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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ocean Isle Beach is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Ocean Isle Beach, NC

How much do homes in Ocean Isle Beach, NC cost?

Median Sold Price

$607,515

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$70,327(+13.1%)

Key Takeaway

Homes in Ocean Isle Beach have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in Ocean Isle Beach was $607,515 in October 2024, up 13.1% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $327.5K$302.4K
-7.6%
2 $325K$315K
-3.1%
3 $465K$459.7K
-1.1%
4 $775K$830K
+7.1%
5+ $1.2M$1.3M
+15.5%

Summary: Ocean Isle Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 15.5%.

Median Sold Price Compared To Nearby Cities

Ocean Isle Beach
+13.1%
Shallotte Township
0.4%

Housing Supply in Ocean Isle Beach, NC

How many homes are available in Ocean Isle Beach, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
217220+1.4%

Summary: The Ocean Isle Beach real estate market had 220 homes for sale in October 2024, a 1.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 2827
-3.6%
3 9793
-4.1%
4 5760
+5.3%
5+ 3236
+12.5%

Summary: The Ocean Isle Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3429-14.7%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ocean Isle Beach, you may be able to get a good deal. 75.9% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Ocean Isle Beach in October 2024, down by 14.7% month-over-month. Of the 29 sold homes, 76% were sold under asking, 10% were sold at asking, and 14% were sold over asking.

Days on Market for Ocean Isle Beach, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days90 Days+140.5%

Summary: Homes in Ocean Isle Beach had an average of 90 days on market in Oct 2024, up by 140.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Ocean Isle Beach are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 29 homes were sold in Ocean Isle Beach; 34% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 38% 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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