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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pineville is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Pineville, NC

How much do homes in Pineville, NC cost?

Median Sold Price

$434,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$25,975(+6.4%)

Key Takeaway

Homes in Pineville have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Pineville was $434,000 in February 2024, up 6.4% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $105K-
N/A
2 $292.5K$300K
+2.6%
3 $400K$432K
+8.0%
4 $535K$457.6K
-14.5%
5+ $587.5K$535K
-8.9%

Summary: Pineville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 8.9%.

Median Sold Price Compared To Nearby Cities

Pineville
+6.4%
Charlotte
+4.0%

Housing Supply in Pineville, NC

How many homes are available in Pineville, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4244+4.8%

Summary: The Pineville real estate market had 44 homes for sale in February 2024, a 4.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 2425
+4.2%
4 99
0.0%
5+ 44
0.0%

Summary: The Pineville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 4.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pineville, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Pineville in February 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.

Days on Market for Pineville, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
39 Days15 Days-61.0%

Summary: Homes in Pineville had an average of 15 days on market in Feb 2024, down by 61% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 11 homes were sold in Pineville; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

Newest Listings in Pineville, NC

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