Is Pine Knoll Shores, 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, Pine Knoll Shores was a Seller's Market.
Housing Prices in Pine Knoll Shores, NC
How much do homes in Pine Knoll Shores, NC cost?
Median Sold Price
$640,000
$395/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pine Knoll Shores was $640,000 in May 2024, down 4.5% from last year, and the median price per square foot was $395.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $567.5K | $585K | +3.1% |
3 Bedrooms | $627.5K | $625K | -0.4% |
4 Bedrooms | $800K | $867.5K | +8.4% |
5+ Bedrooms | $1.5M | $540K | -65.0% |
Summary: Pine Knoll Shores 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 increased by 3.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 65%.
Median Sold Price Compared To Nearby Cities
Morehead Township | $450.2K | $485K | +7.7% |
Atlantic Beach | $592.6K | $630K | +6.3% |
Pine Knoll Shores | $670K | $640K | -4.5% |
Housing Supply in Pine Knoll Shores, NC
How many homes are available in Pine Knoll Shores, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 48 | +9.1% |
Summary: The Pine Knoll Shores real estate market had 48 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 23 | +15.0% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Pine Knoll Shores housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 4 | -60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Pine Knoll Shores in May 2024, down by 60.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Pine Knoll Shores, NC
How long does it take to sell a home in Pine Knoll Shores, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 335 Days | +469.6% |
Summary: Homes in Pine Knoll Shores had an average of 335 days on market in May 2024, up by 469.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Pine Knoll Shores; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.