Is Pinehurst, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Pinehurst has remained a Seller's Market.
Housing Prices in Pinehurst, NC
How much do homes in Pinehurst, NC cost?
Median Sold Price
$494,888
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pinehurst was $494,888 in March 2024, up 2.1% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $212.5K | -5.6% |
2 Bedrooms | $335K | $363K | +8.4% |
3 Bedrooms | $443.7K | $464K | +4.6% |
4 Bedrooms | $575K | $575K | 0.0% |
5+ Bedrooms | $925K | $975K | +5.4% |
Summary: Pinehurst housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
West End | $401.2K | $475K | +18.4% |
Southern Pines | $463.9K | $516.9K | +11.4% |
Aberdeen | $365.2K | $384.9K | +5.4% |
Pinehurst | $484.5K | $494.8K | +2.1% |
Housing Supply in Pinehurst, NC
How many homes are available in Pinehurst, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
180 | 186 | +3.3% |
Summary: The Pinehurst real estate market had 186 homes for sale in March 2024, a 3.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 7 | +133.3% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 86 | 71 | -17.4% |
4 Bedrooms | 56 | 66 | +17.9% |
5+ Bedrooms | 18 | 23 | +27.8% |
Summary: The Pinehurst housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 27.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 45 | +32.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Pinehurst in March 2024, up by 32.4% month-over-month. Of the 45 sold homes, 51% were sold under asking, 20% were sold at asking, and 29% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 49 Days | +9.4% |
Summary: Homes in Pinehurst had an average of 49 days on market in Mar 2024, up by 9.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 45 homes were sold in Pinehurst; 51% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.