$1,176 Closing Credit*
$99,000
916 SqFt
2 Beds
•1 Full Bath, 1 Partial
Lynn Parker, Listing Office: Haynes Properties
Is Pinetops, 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, Pinetops was a Neutral Market.
Key Takeaway
Pinetops is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pinetops, NC
How much do homes in Pinetops, NC cost?
Median Sold Price
$165,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,300(+5.3%)
Key Takeaway
Homes in Pinetops have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Pinetops was $165,000 in October 2024, up 5.3% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $70K | $148K | +111.4% |
| 3 Bedrooms | $175K | $165K | -5.7% |
| 4 Bedrooms | $156.7K | $145.9K | -6.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Pinetops 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 increased by 111.4%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes did not change.
Housing Supply in Pinetops, NC
How many homes are available in Pinetops, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Pinetops real estate market had 11 homes for sale in October 2024, a 15.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pinetops 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 decreased by 37.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pinetops, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Pinetops in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Pinetops, NC
How long does it take to sell a home in Pinetops, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 2 Days | 107 Days | +5291.7% |
Summary: Homes in Pinetops had an average of 107 days on market in Oct 2024, up by 5291.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pinetops are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in Pinetops; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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