$831,600
Land
Listing Office: Foxfire Real Estate, LLC
Is Spruce Pine, 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, Spruce Pine was a Seller'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
$248,626
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,873(-4.6%)
Key Takeaway
Homes in Spruce Pine have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Spruce Pine was $248,626 in October 2024, down 4.6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.5K | $206.1K | +37.9% |
| 2 Bedrooms | $239K | $215K | -10.0% |
| 3 Bedrooms | $251K | $294.5K | +17.3% |
| 4 Bedrooms | $335K | $400K | +19.4% |
| 5+ Bedrooms | $772.5K | $437K | -43.4% |
Summary: Spruce Pine housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.9%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 43.4%.
Median Sold Price Compared To Nearby Cities
| Spruce Pine | $260.5K | $248.6K | -4.6% |
| Grassy Creek Township | $264.2K | $250K | -5.4% |
Housing Supply in Spruce Pine, NC
How many homes are available in Spruce Pine, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 53 | -3.6% |
Summary: The Spruce Pine real estate market had 53 homes for sale in October 2024, a 3.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 32 | 31 | -3.1% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Spruce Pine housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were 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. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Spruce Pine in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 57 Days | +11.9% |
Summary: Homes in Spruce Pine had an average of 57 days on market in Oct 2024, up by 11.9% compared to last year.
Breakdown of Home Sale Times
2 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 October 2024, 4 homes were sold in Spruce Pine; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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