Is Pinehurst, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pinehurst has remained a Seller's Market.
Key Takeaway
Pinehurst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pinehurst, NC
How much do homes in Pinehurst, NC cost?
Median Sold Price
$505,900
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pinehurst have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Pinehurst was $505,900 in April 2024, up 4.7% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $221K | -1.8% |
| 2 Bedrooms | $340K | $368.5K | +8.4% |
| 3 Bedrooms | $445.7K | $465.1K | +4.4% |
| 4 Bedrooms | $577.5K | $595K | +3.0% |
| 5+ Bedrooms | $925K | $755K | -18.4% |
Summary: Pinehurst housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 18.4%.
Median Sold Price Compared To Nearby Cities
| West End | $409.9K | $475K | +15.9% |
| Southern Pines | $462.1K | $525K | +13.6% |
| Aberdeen | $370K | $390K | +5.4% |
| Pinehurst | $483.3K | $505.9K | +4.7% |
Housing Supply in Pinehurst, NC
How many homes are available in Pinehurst, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 191 | 208 | +8.9% |
Summary: The Pinehurst real estate market had 208 homes for sale in April 2024, a 8.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 18 | 13 | -27.8% |
| 3 Bedrooms | 79 | 92 | +16.5% |
| 4 Bedrooms | 65 | 72 | +10.8% |
| 5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The Pinehurst housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 27.8%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 62 | +37.8% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pinehurst, you may be able to get a good deal. 53.2% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Pinehurst in April 2024, up by 37.8% month-over-month. Of the 62 sold homes, 53% were sold under asking, 24% were sold at asking, and 23% were sold over asking.
Days on Market for Pinehurst, NC
How long does it take to sell a home in Pinehurst, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 59 Days | +59.9% |
Summary: Homes in Pinehurst had an average of 59 days on market in Apr 2024, up by 59.9% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pinehurst are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 62 homes were sold in Pinehurst; 53% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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