$2,672 Closing Credit*
$225,000
960 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX RESULTS
Is Spruce Pine, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Spruce Pine has remained a Buyer's Market.
Key Takeaway
Spruce Pine is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Spruce Pine, NC
How much do homes in Spruce Pine, NC cost?
Median Sold Price
$315,000
$275/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$5,000(-1.6%)
Key Takeaway
Homes in Spruce Pine have sold for 1.6% less than they did a month ago.
Summary: The median home sold price in Spruce Pine was $315,000 in November 2024, down 1.6% from last month, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $237.5K | $315K | +32.6% |
| 3 Bedrooms | $650K | $312.5K | -51.9% |
| 4 Bedrooms | $320K | - | N/A |
| 5+ Bedrooms | $430K | - | N/A |
Summary: Spruce Pine housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.6%, 3 bedroom homes decreased by 51.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Spruce Pine, NC
How many homes are available in Spruce Pine, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 44 | 0.0% |
Summary: The Spruce Pine real estate market had 44 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Spruce Pine 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 decreased by 10%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spruce Pine, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Spruce Pine in November 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Spruce Pine, NC
How long does it take to sell a home in Spruce Pine, NC?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 42 Days | -33.1% |
Summary: Homes in Spruce Pine had an average of 42 days on market in Nov 2024, down by 33.1% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Spruce Pine are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Spruce Pine; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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