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 December 2021

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.

How much do homes in Pinehurst, NC cost?

Median Sold Price

$450,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$98,500(+28.0%)

Key Takeaway

Homes in Pinehurst have sold for 28% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $156.2K$190K
+21.6%
2 $286.5K$335K
+16.9%
3 $345K$410K
+18.8%
4 $430K$525K
+22.1%
5+ $389.5K$648.5K
+66.5%

Median Sold Price Compared To Nearby Cities

Pinehurst
+28.0%
Aberdeen
+24.9%
West End
+13.0%
Southern Pines
+6.2%

How many homes are available in Pinehurst, NC?

Number of Homes For Sale

Nov 2022Dec 2022%
126104-17.5%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 77
0.0%
2 117
-36.4%
3 5145
-11.8%
4 4638
-17.4%
5+ 117
-36.4%

Number of Homes Sold

Nov 2022Dec 2022%
33330.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 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. 54.5% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
25 Days34 Days+35.1%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Pinehurst, NC

There are 104 homes are for sale in Pinehurst, NC real estate market. In December 2022 in Pinehurst, NC there were 17.5% less homes for sale than in November 2022. In December 2022 median list price was $450,000 and the average listing age was 34 days. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 21.6%, the cost of 2 bedrooms properties went up by 16.9%, the cost of 3 bedrooms properties went up by 18.8%, 4 bedrooms properties prices increased by 22.1%, prices of 5 bedrooms properties increased by 66.5%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, 2 bedrooms homes became 36.4% less available, 3 bedrooms homes inventory decreased by 11.8%, number of 4 bedrooms homes decreased by 17.4%, the quantity of 5 bedrooms homes went down by 36.4%. Pinehurst, NC housing market in December 2022 saw over 6 listings sold above listed price, more than 9 sold at listed price and over 18 sold below.

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