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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burnsville Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Burnsville Township was a Seller's Market.

Key Takeaway

Burnsville Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Burnsville Township, NC

How much do homes in Burnsville Township, NC cost?

Median Sold Price

$354,250

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,750(+3.1%)

Key Takeaway

Homes in Burnsville Township have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Burnsville Township was $354,250 in November 2024, up 3.1% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $130K$212.4K
+63.4%
2 $307K$318.5K
+3.7%
3 $374.3K$397.5K
+6.2%
4 $662.5K$401.9K
-39.3%
5+ $690K$365K
-47.1%

Summary: Burnsville Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.4%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 39.3%, and 5+ bedroom homes decreased by 47.1%.

Housing Supply in Burnsville Township, NC

How many homes are available in Burnsville Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8991+2.2%

Summary: The Burnsville Township real estate market had 91 homes for sale in November 2024, a 2.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 2428
+16.7%
3 4646
0.0%
4 1515
0.0%
5+ 32
-33.3%

Summary: The Burnsville Township 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
103-70.0%

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 Township, 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 Township in November 2024, down by 70.0% 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 Township, NC

How long does it take to sell a home in Burnsville Township, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
61 Days142 Days+131.3%

Summary: Homes in Burnsville Township had an average of 142 days on market in Nov 2024, up by 131.3% compared to last year.

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 Township has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Burnsville Township; 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 Township, NC

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