Is Burke County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burke County is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Burke County, NC

How much do homes in Burke County, NC cost?

Median Sold Price

$255,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,000(+6.3%)

Key Takeaway

Homes in Burke County have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Burke County was $255,000 in April 2024, up 6.3% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $148K$189.5K
+28.0%
2 $174K$180K
+3.4%
3 $249.7K$265K
+6.1%
4 $300K$345K
+15.0%
5+ $382.5K$425K
+11.1%

Summary: Burke County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Counties

Caldwell County
+10.1%
Catawba County
+7.5%
Burke County
+6.3%
McDowell County
+6.0%
Cleveland County
+4.2%

Housing Supply in Burke County, NC

How many homes are available in Burke County, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
272296+8.8%

Summary: The Burke County real estate market had 296 homes for sale in April 2024, a 8.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 66
0.0%
2 5356
+5.7%
3 165180
+9.1%
4 3841
+7.9%
5+ 1013
+30.0%

Summary: The Burke County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5958-1.7%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burke County, you may be able to get a good deal. 63.8% of homes here sold below asking price last month.

Summary: A total of 58 homes were sold or pending in Burke County in April 2024, down by 1.7% month-over-month. Of the 58 sold homes, 64% were sold under asking, 14% were sold at asking, and 22% were sold over asking.

Days on Market for Burke County, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days27 Days-17.0%

Summary: Homes in Burke County had an average of 27 days on market in Apr 2024, down by 17% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 58 homes were sold in Burke County; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% 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 9 Days Ago

Newest Listings in Burke County, NC

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