Is Pinehurst, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pinehurst has remained a Seller's Market.
Housing Prices in Pinehurst, NC
How much do homes in Pinehurst, NC cost?
Median Sold Price
$510,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pinehurst was $510,000 in May 2024, up 5.2% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227.5K | $212.5K | -6.6% |
2 Bedrooms | $345K | $365K | +5.8% |
3 Bedrooms | $450K | $462K | +2.7% |
4 Bedrooms | $595K | $600K | +0.8% |
5+ Bedrooms | $972K | $727.4K | -25.2% |
Summary: Pinehurst housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 25.2%.
Median Sold Price Compared To Nearby Cities
West End | $413.4K | $475K | +14.9% |
Southern Pines | $475K | $525K | +10.5% |
Pinehurst | $484.7K | $510K | +5.2% |
Aberdeen | $380K | $385.4K | +1.4% |
Housing Supply in Pinehurst, NC
How many homes are available in Pinehurst, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
205 | 197 | -3.9% |
Summary: The Pinehurst real estate market had 197 homes for sale in May 2024, a 3.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 13 | 17 | +30.8% |
3 Bedrooms | 89 | 79 | -11.2% |
4 Bedrooms | 70 | 69 | -1.4% |
5+ Bedrooms | 26 | 26 | 0.0% |
Summary: The Pinehurst housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 30.8%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 40 | -33.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Pinehurst in May 2024, down by 33.3% month-over-month. Of the 40 sold homes, 40% were sold under asking, 28% were sold at asking, and 33% were sold over asking.
Days on Market for Pinehurst, NC
How long does it take to sell a home in Pinehurst, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 27 Days | -26.3% |
Summary: Homes in Pinehurst had an average of 27 days on market in May 2024, down by 26.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 40 homes were sold in Pinehurst; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.