Is Pine Knoll Shores, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Pine Knoll Shores was a Seller's Market.
Key Takeaway
Pine Knoll Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pine Knoll Shores, NC
How much do homes in Pine Knoll Shores, NC cost?
Median Sold Price
$658,500
$400/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pine Knoll Shores have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Pine Knoll Shores was $658,500 in March 2024, up 4.6% from last year, and the median price per square foot was $400.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $577.5K | $585K | +1.3% |
| 3 Bedrooms | $623K | $640K | +2.7% |
| 4 Bedrooms | $850K | $835K | -1.8% |
| 5+ Bedrooms | $1.4M | $540K | -63.1% |
Summary: Pine Knoll Shores 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 1.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 63.1%.
Median Sold Price Compared To Nearby Cities
| Atlantic Beach | $574.9K | $625K | +8.7% |
| Morehead Township | $452.8K | $484.1K | +6.9% |
| Pine Knoll Shores | $629.7K | $658.5K | +4.6% |
Housing Supply in Pine Knoll Shores, NC
How many homes are available in Pine Knoll Shores, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 46 | +9.5% |
Summary: The Pine Knoll Shores real estate market had 46 homes for sale in March 2024, a 9.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 19 | +46.2% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pine Knoll Shores 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 increased by 46.2%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Knoll Shores, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Pine Knoll Shores in March 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Pine Knoll Shores, NC
How long does it take to sell a home in Pine Knoll Shores, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 91 Days | 366 Days | +301.6% |
Summary: Homes in Pine Knoll Shores had an average of 366 days on market in Mar 2024, up by 301.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pine Knoll Shores are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Pine Knoll Shores; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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