$5,047 Closing Credit*
$425,000
1,440 SqFt
4 Beds
•2 Full Baths
Listing Office: Carolina Mountain Realty, Inc.
Is Burnsville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Burnsville was a Seller's Market.
Key Takeaway
Burnsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Burnsville, NC
How much do homes in Burnsville, NC cost?
Median Sold Price
$375,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+4.2%)
Key Takeaway
Homes in Burnsville have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Burnsville was $375,000 in October 2024, up 4.2% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $199.9K | +53.8% |
| 2 Bedrooms | $305K | $317K | +3.9% |
| 3 Bedrooms | $380K | $400K | +5.3% |
| 4 Bedrooms | $662.5K | $476.5K | -28.1% |
| 5+ Bedrooms | $535K | $365K | -31.8% |
Summary: Burnsville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.8%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 28.1%, and 5+ bedroom homes decreased by 31.8%.
Median Sold Price Compared To Nearby Cities
| Burnsville | $360K | $375K | +4.2% |
| Burnsville Township | $362.5K | $375K | +3.4% |
Housing Supply in Burnsville, NC
How many homes are available in Burnsville, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 91 | -5.2% |
Summary: The Burnsville real estate market had 91 homes for sale in October 2024, a 5.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 23 | 26 | +13.0% |
| 3 Bedrooms | 56 | 48 | -14.3% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Burnsville 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 13%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burnsville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Burnsville in October 2024, down by 63.6% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Burnsville, NC
How long does it take to sell a home in Burnsville, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 34 Days | -34.6% |
Summary: Homes in Burnsville had an average of 34 days on market in Oct 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Burnsville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Burnsville; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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