Is Spruce Pine, NC 28777 a buyer’s or seller’s market?
Spruce Pine is a balanced market. With about 6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 7% of U.S. ZIP codes, and #374 of 424 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Spruce Pine housing market right now
In the three months ending August 31, 2026, 8% of homes in Spruce Pine, NC 28777 sold above their list price, the typical home went under contract in 80 days and there were 6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 37 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (10% then), homes sold more slowly (51 days then) and the median sale price rose 26% to $334,855. Overall, Spruce Pine is less competitive than a year ago, which gives buyers more room.
On our competition score, Spruce Pine ranks #374 of 424 NC ZIP codes with enough sales (score 13 out of 100).
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Questions about Spruce Pine real estate
Is Spruce Pine a buyer’s or seller’s market?
A balanced market: there were 6 months of supply in Spruce Pine, NC 28777 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Spruce Pine?
The typical home went under contract in 80 days in the latest three months.
Do homes in Spruce Pine sell over asking?
8% of homes sold above their original list price, and the typical sale closed at 96.6% of the list price.
What are property taxes in Spruce Pine?
About 0.52% of a home’s value a year in Mitchell County, or roughly $2,080 on a $400,000 home.
What is the median home price in Spruce Pine?
The median sale price was $334,855 in the three months ending August 31, 2026, about $186 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology