Is Pittsboro, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pittsboro is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Pittsboro has remained a Seller's Market.

Key Takeaway

Pittsboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pittsboro, NC

How much do homes in Pittsboro, NC cost?

Median Sold Price

$643,386

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$26,717(+4.3%)

Key Takeaway

Homes in Pittsboro have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Pittsboro was $643,386 in May 2024, up 4.3% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $339.3K-
N/A
2 $375K$390K
+4.0%
3 $465K$475.4K
+2.2%
4 $800K$835.9K
+4.5%
5+ $727.5K$880K
+21.0%

Summary: Pittsboro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 21%.

Median Sold Price Compared To Nearby Cities

Pittsboro
+4.3%
Center Township
+3.1%

Housing Supply in Pittsboro, NC

How many homes are available in Pittsboro, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
214207-3.3%

Summary: The Pittsboro real estate market had 207 homes for sale in May 2024, a 3.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1111
0.0%
3 8480
-4.8%
4 9084
-6.7%
5+ 2831
+10.7%

Summary: The Pittsboro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 10.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3346+39.4%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pittsboro, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in Pittsboro in May 2024, up by 39.4% month-over-month. Of the 46 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% were sold over asking.

Days on Market for Pittsboro, NC

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

Average Sale Time

May 2023May 2024CHANGE
189 Days31 Days-83.3%

Summary: Homes in Pittsboro had an average of 31 days on market in May 2024, down by 83.3% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 46 homes were sold in Pittsboro; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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

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