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 6 Days Ago

Newest Listings in Purlear, NC

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