Burke County, NC Home Values & Market Trends
The median home price in Burke County, NC is $228,667.36. There were 1,338 home sales in Burke County, NC over the past 12 months. The median residential Burke County, NC home value for transactions over the previous year is $172,000. The number of current listings in Burke County, NC is 162, and the percentage of properties for sale is 162.00%. The county has 28 foreclosures, 1 bank owned properties, 15 headed for auction, and 162 properties for sale.
Burke County, NC Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Morganton | $ 288,417 $ 163/sqft | Hildebran | $ 344,644 $ 206/sqft |
Valdese | $ 232,500 $ 161/sqft | Drexel | $ -- $ -- |
Connelly Springs | $ 216,045 $ 154/sqft | Glen Alpine | $ -- $ -- |
Housing Market Summary for Burke County, NC
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $180K | $224.2K | 24.58% |
Median Sold Price | $217.7K | $224.2K | 3.02% |
Homes For Sale | 153 | 159 | 3.92% |
Homes Sold | 792 | 763 | -3.66% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Burke County, NC
Browse Homes in Burke County, NC
Burke County, NC home values range from $20,860 to $5,428,167. Hildebran is the priciest city with a median listing home price of $279,000, and Connelly Springs is most affordable with average house prices of around $169,750.
- Pre-ForeclosurePre-foreclosure homes account for 0.04% of all residential properties in Burke County, NC with Morganton containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 6 cities within Burke County, NC; of those cities, the estimated home value for pre-foreclosure homes ranges from $457,466 in Connelly Springs to the lowest home value of $87,733 in Morganton.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Burke County, NC ranges from the highest value of $181,644 in Connelly Springs to the lowest value of $181,644 in Connelly Springs. Bank owned homes and properties account for 0.00% of properties in Burke County, NC. There are 6 cities within Burke County, NC; Connelly Springs containing 1 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsMorganton has 9 auction properties, the highest number of properties going to auction in a single city in the state of Burke County, NC. Auction homes and other auction properties account for 0.05% of all properties in Burke County, NC. There are 6 cities within Burke County, NC; of those cities, the median estimated home value for homes going to auction ranges from $244,731 in Valdese to the lowest value of $69,096 in Valdese.
Compare Nearby Cities
More Real Estate Resources for Burke County, NC
Guide for Burke County, NC
North Carolina Foreclosure Laws
A look at the Asheville’s real estate market trends from May 2023 to March 2024, highlighting key trends and dynamics in home values, sale prices, and supply.
In Greensboro, NC, real estate trends indicate a decreasing average property value and sale price as of February 2024 while maintaining consistent market activity. Property values in the city indicate an affordable entry point for homebuying in comparison to neighboring areas.
The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.