Is Pinehurst, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinehurst is a seller's market

Buyer's
Market

Difference Since May 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

$510,000

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,291(+5.2%)

Key Takeaway

Homes in Pinehurst have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Pinehurst was $510,000 in May 2024, up 5.2% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $227.5K$212.5K
-6.6%
2 $345K$365K
+5.8%
3 $450K$462K
+2.7%
4 $595K$600K
+0.8%
5+ $972K$727.4K
-25.2%

Summary: Pinehurst housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 25.2%.

Median Sold Price Compared To Nearby Cities

West End
+14.9%
Southern Pines
+10.5%
Pinehurst
+5.2%
Aberdeen
+1.4%

Housing Supply in Pinehurst, NC

How many homes are available in Pinehurst, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
205197-3.9%

Summary: The Pinehurst real estate market had 197 homes for sale in May 2024, a 3.9% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 76
-14.3%
2 1317
+30.8%
3 8979
-11.2%
4 7069
-1.4%
5+ 2626
0.0%

Summary: The Pinehurst housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 30.8%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
6040-33.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinehurst, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in Pinehurst in May 2024, down by 33.3% month-over-month. Of the 40 sold homes, 40% were sold under asking, 28% were sold at asking, and 33% 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

May 2023May 2024CHANGE
37 Days27 Days-26.3%

Summary: Homes in Pinehurst had an average of 27 days on market in May 2024, down by 26.3% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 40 homes were sold in Pinehurst; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 10% 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 Pinehurst, NC

Nearby Markets to Pinehurst, NC

What housing markets are near Pinehurst, NC?