Is Pittsboro, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pittsboro was a Seller's Market.
Housing Prices in Pittsboro, NC
How much do homes in Pittsboro, NC cost?
Median Sold Price
$649,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pittsboro was $649,000 in April 2024, up 5.6% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $409.6K | $322.2K | -21.3% |
2 Bedrooms | $362.5K | $384.2K | +6.0% |
3 Bedrooms | $461.5K | $475.4K | +3.0% |
4 Bedrooms | $806K | $839.3K | +4.1% |
5+ Bedrooms | $720K | $862K | +19.7% |
Summary: Pittsboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.3%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 19.7%.
Median Sold Price Compared To Nearby Cities
Pittsboro | $614.7K | $649K | +5.6% |
Center Township | $475K | $496.9K | +4.6% |
Housing Supply in Pittsboro, NC
How many homes are available in Pittsboro, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
177 | 191 | +7.9% |
Summary: The Pittsboro real estate market had 191 homes for sale in April 2024, a 7.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 67 | 77 | +14.9% |
4 Bedrooms | 81 | 83 | +2.5% |
5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The Pittsboro 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 increased by 12.5%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 31 | +14.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Pittsboro in April 2024, up by 14.8% month-over-month. Of the 31 sold homes, 58% were sold under asking, 23% were sold at asking, and 19% were sold over asking.
Days on Market for Pittsboro, NC
How long does it take to sell a home in Pittsboro, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
214 Days | 53 Days | -75.2% |
Summary: Homes in Pittsboro had an average of 53 days on market in Apr 2024, down by 75.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in Pittsboro; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.