Is Bunnlevel, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bunnlevel has remained a Seller's Market.
Key Takeaway
Bunnlevel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bunnlevel, NC
How much do homes in Bunnlevel, NC cost?
Median Sold Price
$280,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bunnlevel have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Bunnlevel was $280,000 in May 2024, down 5.1% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | - | N/A |
| 2 Bedrooms | - | $122.5K | N/A |
| 3 Bedrooms | $272.2K | $280K | +2.8% |
| 4 Bedrooms | $315K | $296.2K | -6.0% |
| 5+ Bedrooms | $328K | $377.4K | +15.1% |
Summary: Bunnlevel housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Lillington | $316.5K | $335.4K | +6.0% |
| Lillington Township | $324.8K | $342.1K | +5.3% |
| Anderson Creek Township | $310K | $315K | +1.6% |
| Stewarts Creek Township | $295K | $297K | +0.7% |
| Bunnlevel | $295K | $280K | -5.1% |
Housing Supply in Bunnlevel, NC
How many homes are available in Bunnlevel, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Summary: The Bunnlevel real estate market had 27 homes for sale in May 2024, a 15.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 10 | -37.5% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bunnlevel housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bunnlevel, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Bunnlevel in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Bunnlevel, NC
How long does it take to sell a home in Bunnlevel, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 77 Days | 14 Days | -81.7% |
Summary: Homes in Bunnlevel had an average of 14 days on market in May 2024, down by 81.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bunnlevel are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Bunnlevel; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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