Is Burnsville Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burnsville Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Burnsville Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Burnsville Township, NC

How much do homes in Burnsville Township, NC cost?

Median Sold Price

$303,500

$243/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$29,500(-8.9%)

Key Takeaway

Homes in Burnsville Township have sold for 8.9% less than they did a month ago.

Summary: The median home sold price in Burnsville Township was $303,500 in May 2024, down 8.9% from last month, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $385.5K$253.5K
-34.2%
3 $326K$312K
-4.3%
4 $112.5K$492K
+337.3%
5+ --
N/A

Summary: Burnsville Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.2%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 337.3%, and 5+ bedroom homes did not change.

Housing Supply in Burnsville Township, NC

How many homes are available in Burnsville Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
103114+10.7%

Summary: The Burnsville Township real estate market had 114 homes for sale in May 2024, a 10.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 34
+33.3%
2 3436
+5.9%
3 4954
+10.2%
4 1417
+21.4%
5+ 33
0.0%

Summary: The Burnsville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1814-22.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burnsville Township, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Burnsville Township in May 2024, down by 22.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 7% were sold at asking, and 29% were sold over asking.

Days on Market for Burnsville Township, NC

How long does it take to sell a home in Burnsville Township, NC?

Average Sale Time

Apr 2024May 2024CHANGE
78 Days27 Days-64.9%

Summary: Homes in Burnsville Township had an average of 27 days on market in May 2024, down by 64.9% compared to last month.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Burnsville Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 14 homes were sold in Burnsville Township; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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 1 Day Ago

Newest Listings in Burnsville Township, NC

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