$8,966 Closing Credit*
$755,000
2,295 SqFt
3 Beds
•3 Full Baths
Sophia Paige Carter, Listing Office: Navigate Realty
Is Southern Pines, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Southern Pines has remained a Neutral Market.
Key Takeaway
Southern Pines 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 Southern Pines, NC
How much do homes in Southern Pines, NC cost?
Median Sold Price
$549,250
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,250(+8.5%)
Key Takeaway
Homes in Southern Pines have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Southern Pines was $549,250 in November 2024, up 8.5% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $145K | +22.9% |
| 2 Bedrooms | $290K | $325K | +12.1% |
| 3 Bedrooms | $440K | $484K | +10.0% |
| 4 Bedrooms | $607.5K | $655.2K | +7.9% |
| 5+ Bedrooms | $750K | $845K | +12.7% |
Summary: Southern Pines housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.9%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 12.7%.
Housing Supply in Southern Pines, NC
How many homes are available in Southern Pines, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 173 | 169 | -2.3% |
Summary: The Southern Pines real estate market had 169 homes for sale in November 2024, a 2.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 70 | 67 | -4.3% |
| 4 Bedrooms | 50 | 49 | -2.0% |
| 5+ Bedrooms | 27 | 25 | -7.4% |
Summary: The Southern Pines housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 7.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southern Pines, you may be able to get a good deal. 67.9% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Southern Pines in November 2024, down by 3.4% month-over-month. Of the 28 sold homes, 68% were sold under asking, 11% were sold at asking, and 21% were sold over asking.
Days on Market for Southern Pines, NC
How long does it take to sell a home in Southern Pines, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 49 Days | -18.7% |
Summary: Homes in Southern Pines had an average of 49 days on market in Nov 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southern Pines are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in Southern Pines; 46% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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