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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine Level Township is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Pine Level Township was a Neutral Market.

Key Takeaway

Pine Level Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pine Level Township, NC

How much do homes in Pine Level Township, NC cost?

Median Sold Price

$297,500

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,500(+0.8%)

Key Takeaway

Homes in Pine Level Township have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Pine Level Township was $297,500 in October 2024, up 0.8% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $215K$180K
-16.3%
3 $295K$298K
+1.0%
4 $500K$286K
-42.8%
5+ -$1.1M
N/A

Summary: Pine Level Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.3%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 42.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pine Level Township
+0.8%
Selma Township
-2.2%
Selma
-7.7%
Micro Township
-8.5%

Housing Supply in Pine Level Township, NC

How many homes are available in Pine Level Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1012+20.0%

Summary: The Pine Level Township real estate market had 12 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 69
+50.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Pine Level Township 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pine Level Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Pine Level Township in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Pine Level Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
52 Days46 Days-12.0%

Summary: Homes in Pine Level Township had an average of 46 days on market in Oct 2024, down by 12% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pine Level Township has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Pine Level Township; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in Pine Level Township, NC

Nearby Markets to Pine Level Township, NC

What housing markets are near Pine Level Township, NC?