Is Spruce Pine, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Spruce Pine was a Seller's Market.
Housing Prices in Spruce Pine, NC
How much do homes in Spruce Pine, NC cost?
Median Sold Price
$261,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Spruce Pine was $261,000 in March 2024, up 4.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.5K | $150K | 0.3% |
2 Bedrooms | $217.5K | $230K | +5.7% |
3 Bedrooms | $231.4K | $261K | +12.8% |
4 Bedrooms | $305K | $335K | +9.8% |
5+ Bedrooms | $327.5K | $772.5K | +135.9% |
Summary: Spruce Pine housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 135.9%.
Median Sold Price Compared To Nearby Cities
Spruce Pine | $248.9K | $261K | +4.9% |
Grassy Creek Township | $266.9K | $267.5K | 0.2% |
Housing Supply in Spruce Pine, NC
How many homes are available in Spruce Pine, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 42 | +13.5% |
Summary: The Spruce Pine real estate market had 42 homes for sale in March 2024, a 13.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 20 | 25 | +25.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Spruce Pine housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Spruce Pine in March 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Spruce Pine, NC
How long does it take to sell a home in Spruce Pine, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 105 Days | +368.9% |
Summary: Homes in Spruce Pine had an average of 105 days on market in Mar 2024, up by 368.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Spruce Pine; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.