$1,483 Closing Credit*
$124,900
2 Beds
•1 Full Bath
Listing Office: Foothills Realty, LLC
Is Burke County, 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, Burke County was a Seller's Market.
Key Takeaway
Burke County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Burke County, NC
How much do homes in Burke County, NC cost?
Median Sold Price
$261,928
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,761(+4.7%)
Key Takeaway
Homes in Burke County have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Burke County was $261,928 in November 2024, up 4.7% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189K | $157.4K | -16.7% |
| 2 Bedrooms | $178.5K | $180K | +0.8% |
| 3 Bedrooms | $261K | $274.9K | +5.3% |
| 4 Bedrooms | $340K | $385K | +13.2% |
| 5+ Bedrooms | $425K | $470K | +10.6% |
Summary: Burke County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Counties
| Cleveland County | $229.5K | $252.7K | +10.1% |
| Caldwell County | $238.1K | $255K | +7.1% |
| McDowell County | $285.2K | $299K | +4.8% |
| Burke County | $250.1K | $261.9K | +4.7% |
| Catawba County | $286.5K | $299.9K | +4.7% |
Housing Supply in Burke County, NC
How many homes are available in Burke County, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 327 | 302 | -7.6% |
Summary: The Burke County real estate market had 302 homes for sale in November 2024, a 7.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 49 | 47 | -4.1% |
| 3 Bedrooms | 199 | 183 | -8.0% |
| 4 Bedrooms | 57 | 53 | -7.0% |
| 5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The Burke County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 48 | -36.8% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burke County, you may be able to get a good deal. 64.6% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Burke County in November 2024, down by 36.8% month-over-month. Of the 48 sold homes, 65% were sold under asking, 8% were sold at asking, and 27% were sold over asking.
Days on Market for Burke County, NC
How long does it take to sell a home in Burke County, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 45 Days | +83.4% |
Summary: Homes in Burke County had an average of 45 days on market in Nov 2024, up by 83.4% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burke County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 48 homes were sold in Burke County; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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