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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burnsville is a neutral's market

Buyer's
Market

Difference Since April 2023

Since last year, Burnsville has remained a Neutral Market.

Key Takeaway

Burnsville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Burnsville, NC

How much do homes in Burnsville, NC cost?

Median Sold Price

$362,500

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$38,411(+11.9%)

Key Takeaway

Homes in Burnsville have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in Burnsville was $362,500 in April 2024, up 11.9% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $130K$130K
0.0%
2 $188.7K$318.2K
+68.6%
3 $379K$375K
-1.1%
4 $397.5K$650K
+63.5%
5+ $1.3M$535K
-61.4%

Summary: Burnsville 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 68.6%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 63.5%, and 5+ bedroom homes decreased by 61.4%.

Median Sold Price Compared To Nearby Cities

Burnsville
+11.9%
Burnsville Township
+7.4%

Housing Supply in Burnsville, NC

How many homes are available in Burnsville, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7694+23.7%

Summary: The Burnsville real estate market had 94 homes for sale in April 2024, a 23.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 2131
+47.6%
3 4346
+7.0%
4 913
+44.4%
5+ 22
0.0%

Summary: The Burnsville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 47.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
15150.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burnsville, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Burnsville in April 2024, the same as the previous month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.

Days on Market for Burnsville, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
118 Days93 Days-21.5%

Summary: Homes in Burnsville had an average of 93 days on market in Apr 2024, down by 21.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 15 homes were sold in Burnsville; 40% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 11 Days Ago

Newest Listings in Burnsville, NC

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