Spruce Pine, North Carolina, is a charming small town in Mitchell County, nestled in the Blue Ridge Mountains with a population of approximately 2,200. Known as the “Gem Capital of the World,” it is a hub for mining rare minerals like quartz and mica, with the annual North Carolina Mineral and Gem Festival drawing enthusiasts from across the country. The town’s picturesque setting along the North Toe River offers ample opportunities for outdoor activities, including hiking, fishing, and exploring nearby trails like the Blue Ridge Parkway. Spruce Pine’s vibrant arts scene, with local galleries and the historic Mayland Community College, complements its quaint downtown filled with unique shops and eateries. Combining natural beauty, rich geological history, and a welcoming community, Spruce Pine is a hidden gem for visitors and residents alike.
Spruce Pine currently has 61 single family homes for sale with an average list price of $520,747.87, 2 condos for sale with an average list price of $317,000, and 45 lots for sale with an average list price of $166,388.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Spruce Pine, i.e. what's hot and what's not.
See What's Hot & What's Not in Spruce PineSpruce Pine home sales for the month of August decreased in volume by 50% when compared to last year, while the median sale price decreased by 11.5% from $282,500 to $249,900. House sales decreased by 40%, while the median sale price decreased by 28.6% from $350,000 to $249,900.
104
|
103
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82
|
64
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$245,000
|
$265,000
|
$256,500
|
$248,626.50
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.