Is Burnsville, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burnsville is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Burnsville has remained a Buyer'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

$299,000

$334/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$246,500(-45.2%)

Key Takeaway

Homes in Burnsville have sold for 45.2% less than they did a month ago.

Summary: The median home sold price in Burnsville was $299,000 in November 2024, down 45.2% from last month, and the median price per square foot was $334.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $225K-
N/A
2 -$299K
N/A
3 $573K-
N/A
4 --
N/A
5+ $365K-
N/A

Summary: Burnsville housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Burnsville, NC

How many homes are available in Burnsville, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7985+7.6%

Summary: The Burnsville real estate market had 85 homes for sale in November 2024, a 7.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 2327
+17.4%
3 4142
+2.4%
4 1114
+27.3%
5+ 32
-33.3%

Summary: The Burnsville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 3 homes were sold or pending in Burnsville in November 2024, down by 40.0% month-over-month. Of the 3 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 2024Nov 2024CHANGE
31 Days142 Days+355.1%

Summary: Homes in Burnsville had an average of 142 days on market in Nov 2024, up by 355.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Burnsville has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Burnsville; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Burnsville, NC

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