Real Estate Market Update for Oak Island, NC
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 30% from one year earlier, and up 3% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 72%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 230-thousand dollars. The number of units sold increased 100% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Oak Island, NC
Area Information for Oak Island, NC
  • Population: 7,258
  • Median Age: 51.99 yr
  • Median Commute Time: 20.22 mins
  • Educational Climate*: 4
  • Sales Tax: 6.75%
  • Population Density: 392/sq mi
  • Population Change Since 2000: 8.7%
  • Closest Airport: Wilmington International
  • Closest College: University Of North Carolina-wilmington
  • Closest Jr. College: Brunswick Community College
  • Median Household Income: $49,080
  • Annual Residential Turnover: 17.57%
  • Median Years in Residence: 3.55 yr
  • Median Home Sales Price: $165,000
  • Closest Major Sports Team: Carolina Hurricanes
  • Change Avg. Household Income Since 2000: 17%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Oak Island, NC
Median Age: 51.99 Married: 41% Number of Households: 3,306 Households with Children: 658
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      Local Weather for Oak Island, NC
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.