$2,553 Closing Credit*
$215,000
1,120 SqFt
3 Beds
•1 Full Bath
Listing Office: Coldwell Banker Newton RE
Is Burke County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Burke County has remained a Seller's Market.
Key Takeaway
Burke County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burke County, NC
How much do homes in Burke County, NC cost?
Median Sold Price
$260,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+4.0%)
Key Takeaway
Homes in Burke County have sold for 4% more than they did a year ago.
Summary: The median home sold price in Burke County was $260,000 in October 2024, up 4% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189K | $165K | -12.7% |
| 2 Bedrooms | $180K | $180K | 0.0% |
| 3 Bedrooms | $258.3K | $279K | +8.0% |
| 4 Bedrooms | $340K | $369.2K | +8.6% |
| 5+ Bedrooms | $407.2K | $470K | +15.4% |
Summary: Burke County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Counties
| Cleveland County | $229.3K | $252.4K | +10.1% |
| McDowell County | $280K | $299K | +6.8% |
| Caldwell County | $238K | $250.2K | +5.2% |
| Burke County | $250K | $260K | +4.0% |
| Catawba County | $285K | $295.1K | +3.6% |
Housing Supply in Burke County, NC
How many homes are available in Burke County, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 322 | 342 | +6.2% |
Summary: The Burke County real estate market had 342 homes for sale in October 2024, a 6.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 47 | 51 | +8.5% |
| 3 Bedrooms | 183 | 204 | +11.5% |
| 4 Bedrooms | 67 | 61 | -9.0% |
| 5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Burke County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 71 | +86.8% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
8 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. 70.4% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in Burke County in October 2024, up by 86.8% month-over-month. Of the 71 sold homes, 70% were sold under asking, 18% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 38 Days | +65.3% |
Summary: Homes in Burke County had an average of 38 days on market in Oct 2024, up by 65.3% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
12 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 October 2024, 71 homes were sold in Burke County; 62% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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