Masha Halpern's Market Report

Pittsboro, NC

Single-Family Homes

Boutique Real Estate at Keller Williams Realty | Masha@MashaHalpern.com



Pittsboro, NC

Wed Oct 23 2019
This week the median list price for Pittsboro, NC is $527,201 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 134. Click here to stay informed with the Pittsboro market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Pittsboro, NC

Wed Oct 23 2019
This week the median list price for Pittsboro, NC is $527,201 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 134. Click here to stay informed with the Pittsboro market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Pittsboro market.
Median List Price $527,201
Per Square Foot $166
Days on Market 153
Price Decreased 30%
Price Increased 4%
Relisted 4%
Inventory 134
Median House Rent $1,498
Most Expensive $1,296,000
Least Expensive $179,900
Market Action Index
Slight Seller's Advantage
31

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$757,500 4,000 1 - 2.5 acres 4 4 4 0 2 191
$570,000 3,300 1 - 2.5 acres 4 4 1 4 1 196
$470,000 2,810 0.5 - 1 acre 4 3 8 2 1 128
$325,000 2,174 0.5 - 1 acre 3 3 13 3 4 95