Real Estate Market Update for Burnsville, NC
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 7% from one year earlier, and up 4% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 400%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 190-thousand dollars. The number of units sold increased 50% year-over-year, and increased 125% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Burnsville, NC
Area Information for Burnsville, NC
  • Population: 1,672
  • Median Age: 45.4 yr
  • Median Commute Time: 15.33 mins
  • Educational Climate*: 4
  • Sales Tax: 6.75%
  • Population Density: 1,061/sq mi
  • Population Change Since 2000: 1.09%
  • Closest Airport: Asheville Regional
  • Closest College: Mars Hill College
  • Closest Jr. College: Mayland Community College
  • Median Household Income: $33,595
  • Annual Residential Turnover: 20.67%
  • Median Years in Residence: 2.37 yr
  • Median Home Sales Price: $120,000
  • Closest Major Sports Team: Tenn Smokies
  • Change Avg. Household Income Since 2000: 28%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Burnsville, NC
Median Age: 45.4 Married: 41% Number of Households: 779 Households with Children: 186
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Burnsville, NC

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Arthur Morgan School 60.3 mi Private 7-9 0 5
      South Toe Elementary School 60.9 mi Public K-5 4-5 5
      Micaville Elementary 64.5 mi Public K-5 0 0
      Anson Co. Early College High School 64.9 mi Public 9-UNGRADE 2-5 5
      East Yancey Middle 66.7 mi Public 6-8 4 5
      Burnsville Elementary 67.1 mi Public K-5 2-5 5
      Bee Log Elementary 69.5 mi Public K-5 3 4
      Clearmont Elementary 70.0 mi Public K-5 2 0
      Yancey County Christian School 70.1 mi Private K-11 0 0
      Mountain Heritage High 70.3 mi Public 9-12 3-5 5
      Bald Creek Elementary 70.3 mi Public K-5 4-5 3
      Cane River Middle 72.5 mi Public 6-8 4 2
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Burnsville, NC
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.