Is Bailey Township, 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 Township has remained a Seller's Market.
Key Takeaway
Bailey Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bailey Township, NC
How much do homes in Bailey Township, NC cost?
Median Sold Price
$301,298
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bailey Township have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Bailey Township was $301,298 in May 2024, down 2.8% from last year, and the median price per square foot was $174.
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 | $303.9K | $300K | -1.3% |
| 4 Bedrooms | $384.1K | $363.9K | -5.2% |
| 5+ Bedrooms | $502.4K | - | N/A |
Summary: Bailey Township 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 1.3%, 4 bedroom homes decreased by 5.2%, 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% |
| Jackson Township | $380K | $325K | -14.5% |
Housing Supply in Bailey Township, NC
How many homes are available in Bailey Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Summary: The Bailey Township real estate market had 32 homes for sale in May 2024, a 23.1% 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 | 27 | +35.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Bailey Township 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 35%, 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
Key Takeaway
If you're buying a home in Bailey Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Bailey Township 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 Township, NC
How long does it take to sell a home in Bailey Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 72 Days | +34.0% |
Summary: Homes in Bailey Township 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
Key Takeaway
Many homes in Bailey Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Bailey Township; 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.
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