Is Pilot Mountain, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pilot Mountain is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Pilot Mountain was a Neutral Market.

Key Takeaway

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

Housing Prices in Pilot Mountain, NC

How much do homes in Pilot Mountain, NC cost?

Median Sold Price

$265,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$55,000(+26.2%)

Key Takeaway

Homes in Pilot Mountain have sold for 26.2% more than they did a year ago.

Summary: The median home sold price in Pilot Mountain was $265,000 in February 2024, up 26.2% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$135K
N/A
2 $155.9K$180K
+15.4%
3 $213.5K$275K
+28.8%
4 -$351K
N/A
5+ $339K-
N/A

Summary: Pilot Mountain housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 28.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pinnacle
+38.5%
Pilot Mountain
+26.2%
Pilot Township
+11.5%

Housing Supply in Pilot Mountain, NC

How many homes are available in Pilot Mountain, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2125+19.0%

Summary: The Pilot Mountain real estate market had 25 homes for sale in February 2024, a 19.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1216
+33.3%
4 76
-14.3%
5+ 12
+100.0%

Summary: The Pilot Mountain housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pilot Mountain, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Pilot Mountain in February 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Pilot Mountain, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
3 Days61 Days+1648.6%

Summary: Homes in Pilot Mountain had an average of 61 days on market in Feb 2024, up by 1648.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 5 homes were sold in Pilot Mountain; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 28 Days Ago

Newest Listings in Pilot Mountain, NC

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