Comprehensive market data and analysis• Updated Dec 2025
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 1 | 1 |
Acreage buckets
The median price for land in Penrose, North Carolina is currently $50K per acre. For a typical parcel, the median sale price is $200K. Recently, the cheapest land sold for $200K while premium lots reached $200K.
There are currently 12 active listings in Penrose, North Carolina. 1 new listings have hit the market in the last 90 days. The median asking price is $45K.
Land in Penrose, North Carolina typically sells within 53 days of listing. The median time on market is 53 days. Properties are moving quickly in the current strong buyer's market.
Over the past 12 months, Penrose, North Carolina saw 1 properties sold, totaling $200K in sales volume.
The median land price in Penrose, North Carolina stands at $200K. This translates to roughly $50K per acre for the typical parcel size.
Land in Penrose, North Carolina averages $50K per acre. The median price per acre is $50K, which may be more representative of typical transactions. Most parcels sold are around 4.0 acres.
The 12-month rate is 0.7%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.