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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Purlear is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Purlear was a Seller's Market.

Key Takeaway

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

Housing Prices in Purlear, NC

How much do homes in Purlear, NC cost?

Median Sold Price

$460,000

$289/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$127,000(+38.1%)

Key Takeaway

Homes in Purlear have sold for 38.1% more than they did a month ago.

Summary: The median home sold price in Purlear was $460,000 in September 2024, up 38.1% from last month, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $333K-
N/A
3 $394K$460K
+16.8%
4 --
N/A
5+ --
N/A

Summary: Purlear housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 16.8%, 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

Aug 2024Sep 2024CHANGE
1715-11.8%

Summary: The Purlear real estate market had 15 homes for sale in September 2024, a 11.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 02
+100.0%
2 42
-50.0%
3 119
-18.2%
4 11
0.0%
5+ 11
0.0%

Summary: The Purlear housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 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 Purlear, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Purlear in September 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% 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

Aug 2024Sep 2024CHANGE
67 Days43 Days-35.4%

Summary: Homes in Purlear had an average of 43 days on market in Sep 2024, down by 35.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 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 Purlear has remained consistent over time.

Summary: During September 2024, 2 homes were sold in Purlear; 0% of homes were sold within 30 days, 100% 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 30 Days Ago

Newest Listings in Purlear, NC

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