Is Whispering Pines, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Whispering Pines is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Whispering Pines, NC

How much do homes in Whispering Pines, NC cost?

Median Sold Price

$499,900

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$25,400(+5.4%)

Key Takeaway

Homes in Whispering Pines have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Whispering Pines was $499,900 in April 2024, up 5.4% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $282K$365K
+29.4%
3 $450K$473K
+5.1%
4 $536K$596.4K
+11.3%
5+ $627.5K$625K
-0.4%

Summary: Whispering Pines housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 0.4%.

Median Sold Price Compared To Nearby Cities

Southern Pines
+13.6%
Whispering Pines
+5.4%

Housing Supply in Whispering Pines, NC

How many homes are available in Whispering Pines, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4042+5.0%

Summary: The Whispering Pines real estate market had 42 homes for sale in April 2024, a 5.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 2021
+5.0%
4 1316
+23.1%
5+ 22
0.0%

Summary: The Whispering Pines housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Whispering Pines, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Whispering Pines in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Whispering Pines, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
27 Days58 Days+110.9%

Summary: Homes in Whispering Pines had an average of 58 days on market in Apr 2024, up by 110.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 8 homes were sold in Whispering Pines; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 38% 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 4 Days Ago

Newest Listings in Whispering Pines, NC

Nearby Markets to Whispering Pines, NC

What housing markets are near Whispering Pines, NC?