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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burnsville Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Burnsville Township was a Neutral Market.

Key Takeaway

Burnsville Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Burnsville Township, NC

How much do homes in Burnsville Township, NC cost?

Median Sold Price

$355,000

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,000(+7.6%)

Key Takeaway

Homes in Burnsville Township have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Burnsville Township was $355,000 in May 2024, up 7.6% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $130K$170.5K
+31.2%
2 $208.7K$317.5K
+52.1%
3 $379K$365K
-3.7%
4 $400K$650K
+62.5%
5+ $1.3M$535K
-61.4%

Summary: Burnsville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.2%, 2 bedroom homes increased by 52.1%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes decreased by 61.4%.

Median Sold Price Compared To Nearby Cities

Price Creek Township
+20.0%
Burnsville
+9.9%
Burnsville Township
+7.6%

Housing Supply in Burnsville Township, NC

How many homes are available in Burnsville Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
98112+14.3%

Summary: The Burnsville Township real estate market had 112 homes for sale in May 2024, a 14.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 34
+33.3%
2 3235
+9.4%
3 4753
+12.8%
4 1317
+30.8%
5+ 33
0.0%

Summary: The Burnsville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burnsville Township, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Burnsville Township in May 2024, down by 18.8% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.

Days on Market for Burnsville Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
40 Days29 Days-27.0%

Summary: Homes in Burnsville Township had an average of 29 days on market in May 2024, down by 27% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 13 homes were sold in Burnsville Township; 85% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 15% 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 1 Day Ago

Newest Listings in Burnsville Township, NC

Nearby Markets to Burnsville Township, NC

What housing markets are near Burnsville Township, NC?