Is Pittsboro, 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, Pittsboro has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $339.3K | - | N/A |
2 Bedrooms | $375K | $390K | +4.0% |
3 Bedrooms | $465K | $475.4K | +2.2% |
4 Bedrooms | $800K | $835.9K | +4.5% |
5+ Bedrooms | $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 | $616.6K | $643.3K | +4.3% |
Center Township | $484.9K | $499.9K | +3.1% |
Housing Supply in Pittsboro, NC
How many homes are available in Pittsboro, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
214 | 207 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 84 | 80 | -4.8% |
4 Bedrooms | 90 | 84 | -6.7% |
5+ Bedrooms | 28 | 31 | +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 2024 | May 2024 | CHANGE |
---|---|---|
33 | 46 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
189 Days | 31 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
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.