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 September 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

$532,000

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$42,000(+8.6%)

Key Takeaway

Homes in Whispering Pines have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Whispering Pines was $532,000 in September 2024, up 8.6% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $328K$365K
+11.3%
3 $435K$479K
+10.1%
4 $545K$605K
+11.0%
5+ $624.5K$626.4K
0.3%

Summary: Whispering Pines housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Cities

Southern Pines
+8.8%
Whispering Pines
+8.6%

Housing Supply in Whispering Pines, NC

How many homes are available in Whispering Pines, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4132-22.0%

Summary: The Whispering Pines real estate market had 32 homes for sale in September 2024, a 22.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 2120
-4.8%
4 139
-30.8%
5+ 61
-83.3%

Summary: The Whispering Pines 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 100%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes decreased by 83.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
159-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Whispering Pines, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Whispering Pines in September 2024, down by 40.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% 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

Sep 2023Sep 2024CHANGE
31 Days13 Days-59.2%

Summary: Homes in Whispering Pines had an average of 13 days on market in Sep 2024, down by 59.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 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 September 2024, 9 homes were sold in Whispering Pines; 89% of homes were sold within 30 days, 11% 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 30 Days Ago

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