Is Whispering Pines, 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, Whispering Pines has remained a Seller's Market.
Key Takeaway
Whispering Pines is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Whispering Pines, NC
How much do homes in Whispering Pines, NC cost?
Median Sold Price
$505,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Whispering Pines have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Whispering Pines was $505,000 in May 2024, up 6.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $282K | $365K | +29.4% |
| 3 Bedrooms | $435K | $490K | +12.6% |
| 4 Bedrooms | $536K | $590.5K | +10.2% |
| 5+ Bedrooms | $630K | $622K | -1.3% |
Summary: Whispering Pines 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 29.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Southern Pines | $475K | $525K | +10.5% |
| Whispering Pines | $474.5K | $505K | +6.4% |
Housing Supply in Whispering Pines, NC
How many homes are available in Whispering Pines, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 40 | -7.0% |
Summary: The Whispering Pines real estate market had 40 homes for sale in May 2024, a 7.0% decrease 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 16 | 11 | -31.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Whispering Pines 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 decreased by 33.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Whispering Pines, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Whispering Pines in May 2024, up by 37.5% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Whispering Pines, NC
How long does it take to sell a home in Whispering Pines, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 19 Days | -44.9% |
Summary: Homes in Whispering Pines had an average of 19 days on market in May 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Whispering Pines are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Whispering Pines; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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