Is Pinehurst, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$510,225
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $234.7K | +4.3% |
2 Bedrooms | $350K | $372K | +6.3% |
3 Bedrooms | $450K | $468.7K | +4.2% |
4 Bedrooms | $599K | $627K | +4.7% |
5+ Bedrooms | $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 | $475K | $545K | +14.7% |
West End | $419.9K | $480K | +14.3% |
Pinehurst | $480.1K | $510.2K | +6.3% |
Aberdeen | $380K | $390K | +2.6% |
Housing Supply in Pinehurst, NC
How many homes are available in Pinehurst, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
200 | 216 | +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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 15 | 20 | +33.3% |
3 Bedrooms | 84 | 89 | +6.0% |
4 Bedrooms | 69 | 70 | +1.4% |
5+ Bedrooms | 26 | 31 | +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 2024 | Jun 2024 | CHANGE |
---|---|---|
43 | 40 | -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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
37 Days | 40 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
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.