Is Pinehurst, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinehurst is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Pinehurst, NC

How much do homes in Pinehurst, NC cost?

Median Sold Price

$510,225

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$30,091(+6.3%)

Key Takeaway

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

Summary: The median home sold price in Pinehurst was $510,225 in June 2024, up 6.3% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $225K$234.7K
+4.3%
2 $350K$372K
+6.3%
3 $450K$468.7K
+4.2%
4 $599K$627K
+4.7%
5+ $962.5K$727.4K
-24.4%

Summary: Pinehurst housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 24.4%.

Median Sold Price Compared To Nearby Cities

Southern Pines
+14.7%
West End
+14.3%
Pinehurst
+6.3%
Aberdeen
+2.6%

Housing Supply in Pinehurst, NC

How many homes are available in Pinehurst, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
200216+8.0%

Summary: The Pinehurst real estate market had 216 homes for sale in June 2024, a 8.0% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 66
0.0%
2 1520
+33.3%
3 8489
+6.0%
4 6970
+1.4%
5+ 2631
+19.2%

Summary: The Pinehurst housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 19.2%.

Number of Homes Sold

May 2024Jun 2024CHANGE
4340-7.0%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinehurst, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in Pinehurst in June 2024, down by 7.0% month-over-month. Of the 40 sold homes, 60% were sold under asking, 18% were sold at asking, and 23% were sold over asking.

Days on Market for Pinehurst, NC

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

Average Sale Time

Jun 2023Jun 2024CHANGE
37 Days40 Days+7.9%

Summary: Homes in Pinehurst had an average of 40 days on market in Jun 2024, up by 7.9% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 40 homes were sold in Pinehurst; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 13% 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 Pinehurst, NC

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