Is Burnsville Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burnsville Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Burnsville Township, NC

How much do homes in Burnsville Township, NC cost?

Median Sold Price

$352,500

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$27,500(+8.5%)

Key Takeaway

Homes in Burnsville Township have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Burnsville Township was $352,500 in March 2024, up 8.5% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $130K$130K
0.0%
2 $188.7K$317K
+67.9%
3 $379K$374.3K
-1.2%
4 $445K$650K
+46.1%
5+ $1.8M$535K
-71.1%

Summary: Burnsville Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 67.9%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 46.1%, and 5+ bedroom homes decreased by 71.1%.

Median Sold Price Compared To Nearby Cities

New Salem Township
+11.9%
Burnsville Township
+8.5%

Housing Supply in Burnsville Township, NC

How many homes are available in Burnsville Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8587+2.4%

Summary: The Burnsville Township real estate market had 87 homes for sale in March 2024, a 2.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 2624
-7.7%
3 4950
+2.0%
4 89
+12.5%
5+ 02
+100.0%

Summary: The Burnsville Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1617+6.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burnsville Township, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Burnsville Township in March 2024, up by 6.3% month-over-month. Of the 17 sold homes, 71% were sold under asking, 18% were sold at asking, and 12% were sold over asking.

Days on Market for Burnsville Township, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
80 Days78 Days-2.7%

Summary: Homes in Burnsville Township had an average of 78 days on market in Mar 2024, down by 2.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 17 homes were sold in Burnsville Township; 41% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 26 Days Ago

Newest Listings in Burnsville Township, NC

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