Is Bailey, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bailey has remained a Seller's Market.
Housing Prices in Bailey, NC
How much do homes in Bailey, NC cost?
Median Sold Price
$302,596
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bailey was $302,596 in May 2024, down 3.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $85K | $202.5K | +138.2% |
3 Bedrooms | $305K | $301.2K | -1.2% |
4 Bedrooms | $384.1K | $362.9K | -5.5% |
5+ Bedrooms | $630K | - | N/A |
Summary: Bailey housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 138.2%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bailey Township | $309.9K | $301.2K | -2.8% |
Bailey | $312.4K | $302.5K | -3.2% |
Housing Supply in Bailey, NC
How many homes are available in Bailey, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 31 | +19.2% |
Summary: The Bailey real estate market had 31 homes for sale in May 2024, a 19.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 20 | 26 | +30.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Bailey housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Bailey in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 72 Days | +34.0% |
Summary: Homes in Bailey had an average of 72 days on market in May 2024, up by 34% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Bailey; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.