$215,000
0.30 Acres
Land
#100476933, Listing Office: Coldwell Banker Advantage-Southern Pines
Is Pinehurst, 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, Pinehurst has remained a Seller's Market.
Key Takeaway
Pinehurst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pinehurst, NC
How much do homes in Pinehurst, NC cost?
Median Sold Price
$520,800
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,565(+8.0%)
Key Takeaway
Homes in Pinehurst have sold for 8% more than they did a year ago.
Summary: The median home sold price in Pinehurst was $520,800 in October 2024, up 8% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.2K | $255.5K | +12.4% |
| 2 Bedrooms | $350K | $390K | +11.4% |
| 3 Bedrooms | $455K | $474.3K | +4.2% |
| 4 Bedrooms | $560K | $662.2K | +18.3% |
| 5+ Bedrooms | $1.0M | $900K | -10.0% |
Summary: Pinehurst housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
| Southern Pines | $501.5K | $545K | +8.7% |
| Pinehurst | $482.2K | $520.8K | +8.0% |
| West End | $439.5K | $470K | +6.9% |
| Aberdeen | $394.5K | $399K | +1.1% |
Housing Supply in Pinehurst, NC
How many homes are available in Pinehurst, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 233 | 224 | -3.9% |
Summary: The Pinehurst real estate market had 224 homes for sale in October 2024, a 3.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 26 | 26 | 0.0% |
| 3 Bedrooms | 90 | 87 | -3.3% |
| 4 Bedrooms | 88 | 81 | -8.0% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Pinehurst housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 45 | 0.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pinehurst, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Pinehurst in October 2024, the same as the previous month. Of the 45 sold homes, 49% were sold under asking, 18% were sold at asking, and 33% were sold over asking.
Days on Market for Pinehurst, NC
How long does it take to sell a home in Pinehurst, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 42 Days | +61.4% |
Summary: Homes in Pinehurst had an average of 42 days on market in Oct 2024, up by 61.4% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pinehurst are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 45 homes were sold in Pinehurst; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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