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 September 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

$514,090

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$34,090(+7.1%)

Key Takeaway

Homes in Pinehurst have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Pinehurst was $514,090 in September 2024, up 7.1% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $225K$253K
+12.4%
2 $350K$382K
+9.1%
3 $452.2K$470K
+3.9%
4 $581K$655K
+12.7%
5+ $1.0M$900K
-11.1%

Summary: Pinehurst housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 11.1%.

Median Sold Price Compared To Nearby Cities

West End
+9.3%
Southern Pines
+8.8%
Pinehurst
+7.1%
Aberdeen
+2.2%

Housing Supply in Pinehurst, NC

How many homes are available in Pinehurst, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
214229+7.0%

Summary: The Pinehurst real estate market had 229 homes for sale in September 2024, a 7.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 66
0.0%
2 2326
+13.0%
3 8691
+5.8%
4 7481
+9.5%
5+ 2525
0.0%

Summary: The Pinehurst housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3344+33.3%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 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. 75% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in Pinehurst in September 2024, up by 33.3% month-over-month. Of the 44 sold homes, 75% were sold under asking, 16% were sold at asking, and 9% 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

Sep 2023Sep 2024CHANGE
35 Days68 Days+90.9%

Summary: Homes in Pinehurst had an average of 68 days on market in Sep 2024, up by 90.9% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

10 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 September 2024, 44 homes were sold in Pinehurst; 41% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 23% 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 30 Days Ago

Newest Listings in Pinehurst, NC

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