Is Whispering Pines, 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, Whispering Pines has remained a Seller's Market.
Housing Prices in Whispering Pines, NC
How much do homes in Whispering Pines, NC cost?
Median Sold Price
$505,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Whispering Pines was $505,000 in May 2024, up 6.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $282K | $365K | +29.4% |
3 Bedrooms | $435K | $490K | +12.6% |
4 Bedrooms | $536K | $590.5K | +10.2% |
5+ Bedrooms | $630K | $622K | -1.3% |
Summary: Whispering Pines 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 29.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
Southern Pines | $475K | $525K | +10.5% |
Whispering Pines | $474.5K | $505K | +6.4% |
Housing Supply in Whispering Pines, NC
How many homes are available in Whispering Pines, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 40 | -7.0% |
Summary: The Whispering Pines real estate market had 40 homes for sale in May 2024, a 7.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 16 | 11 | -31.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Whispering Pines 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 decreased by 33.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Whispering Pines in May 2024, up by 37.5% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Whispering Pines, NC
How long does it take to sell a home in Whispering Pines, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 19 Days | -44.9% |
Summary: Homes in Whispering Pines had an average of 19 days on market in May 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Whispering Pines; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.