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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Purlear is a neutral's market

Buyer's
Market

Difference Since May 2023

Since last year, Purlear has remained a Neutral Market.

Key Takeaway

Purlear is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Purlear, NC

How much do homes in Purlear, NC cost?

Median Sold Price

$400,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$43,500(+12.2%)

Key Takeaway

Homes in Purlear have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in Purlear was $400,000 in May 2024, up 12.2% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $235.5K$135K
-42.6%
2 $410K$452.5K
+10.4%
3 $282K$365K
+29.4%
4 $400K-
N/A
5+ --
N/A

Summary: Purlear housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.6%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 29.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Purlear, NC

How many homes are available in Purlear, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
107-30.0%

Summary: The Purlear real estate market had 7 homes for sale in May 2024, a 30.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 43
-25.0%
3 43
-25.0%
4 10
-100.0%
5+ 01
+100.0%

Summary: The Purlear housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 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 Purlear, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Purlear in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Purlear, NC

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

Average Sale Time

May 2023May 2024CHANGE
4 Days22 Days+450.0%

Summary: Homes in Purlear had an average of 22 days on market in May 2024, up by 450% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Purlear are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 1 homes were sold in Purlear; 100% of homes were sold within 30 days, 0% 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 10 Days Ago

Newest Listings in Purlear, NC

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