Is Burnsville Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Burnsville Township was a Neutral Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $170.5K | +31.2% |
2 Bedrooms | $208.7K | $317.5K | +52.1% |
3 Bedrooms | $379K | $365K | -3.7% |
4 Bedrooms | $400K | $650K | +62.5% |
5+ Bedrooms | $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 | $450K | $540K | +20.0% |
Burnsville | $323K | $355K | +9.9% |
Burnsville Township | $330K | $355K | +7.6% |
Housing Supply in Burnsville Township, NC
How many homes are available in Burnsville Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
98 | 112 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 32 | 35 | +9.4% |
3 Bedrooms | 47 | 53 | +12.8% |
4 Bedrooms | 13 | 17 | +30.8% |
5+ Bedrooms | 3 | 3 | 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 2024 | May 2024 | CHANGE |
---|---|---|
16 | 13 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 29 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
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.