PITTSBORO AND SILER CITY AREA HOUSING MARKET DATA

There was a decrease in total units sold in August, with 42 sold this month in Pittsboro and Siler City Area Real Estate versus 50 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 7% versus August 2024.

Versus last year, the total number of homes available this month is lower by 5 units or 3%. The total number of active inventory this August was 170 compared to 175 in August 2024. This month's total of 170 is lower than the previous month's total supply of available inventory of 190, a decrease of 11%.

Last August, the median sale price for Pittsboro and Siler City Area Homes was $540,000. This August, the median sale price was $642,160, an increase of 19% or $102,160 compared to last year. The current median sold price is 1% lower than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 4.0 months of supply available in Pittsboro and Siler City Area, compared to 3.9 in August 2024. That is an increase of 4% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 52 homes newly listed for sale in Pittsboro and Siler City Area compared to 76 in August 2024, a decrease of 32%. There were 51 current contracts pending sale this August compared to 35 a year ago. The number of current contracts is 46% higher than last August.

In August, the average sale price in Pittsboro and Siler City Area was 98.9% of the average list price, which is 0.9% higher than at this time last year.

This month, the average number of days on market was 70, lower than the average last year, which was 86, a decrease of 19%.





FOCUS ON: PITTSBORO AND SILER CITY AREA HOUSING MARKET			AUGUST 2025

Zip Code(s): 27312 and 27344
Units Sold 42	Active Inventory 170	Median Sale Price $642,160	Days On Market 70

Down -7% Vs. Year Ago	Down -3% Vs. Year Ago	Up 19% Vs. Year Ago	Down -19% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 42 sold this month in Pittsboro and Siler City Area Real Estate versus 50 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 7% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 5 units or 3%. The total number of active inventory this August was 170 compared to 175 in August 2024. This month's total of 170 is lower than the previous month's total supply of available inventory of 190, a decrease of 11%.
		Median Sale Price Last August, the median sale price for Pittsboro and Siler City Area Homes was $540,000. This August, the median sale price was $642,160, an increase of 19% or $102,160 compared to last year. The current median sold price is 1% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 52	Current Contracts 51	Sold Vs. List Price 98.9%	Months of Supply 4.0

Down -32% Vs. Year Ago	Up 46% Vs. Year Ago	Up 0.9% Vs. Year Ago	Up 4% Vs. Year Ago


		Months of Supply In August, there was 4.0 months of supply available in Pittsboro and Siler City Area, compared to 3.9 in August 2024. That is an increase of 4% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 52 homes newly listed for sale in Pittsboro and Siler City Area compared to 76 in August 2024, a decrease of 32%. There were 51 current contracts pending sale this August compared to 35 a year ago. The number of current contracts is 46% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Pittsboro and Siler City Area was 98.9% of the average list price, which is 0.9% higher than at this time last year. Days on Market This month, the average number of days on market was 70, lower than the average last year, which was 86, a decrease of 19%.


	Pittsboro and Siler City Area are defined as properties listed in zip code/s 27312 and 27344.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by TRIANGLE and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIANGLE or Long & Foster Real Estate, Inc.