Is Black Mountain Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Black Mountain Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Black Mountain Township has remained a Seller's Market.

Key Takeaway

Black Mountain Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Black Mountain Township, NC

How much do homes in Black Mountain Township, NC cost?

Median Sold Price

$530,000

$312/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$80,500(+17.9%)

Key Takeaway

Homes in Black Mountain Township have sold for 17.9% more than they did a year ago.

Summary: The median home sold price in Black Mountain Township was $530,000 in May 2024, up 17.9% from last year, and the median price per square foot was $312.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $384.5K$442.5K
+15.1%
2 $350K$408K
+16.6%
3 $457.6K$489.5K
+7.0%
4 $630K$882.3K
+40.0%
5+ $807.5K$875K
+8.4%

Summary: Black Mountain Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 8.4%.

Median Sold Price Compared To Nearby Cities

Black Mountain
+19.9%
Black Mountain Township
+17.9%
Old Fort Township
+15.6%
Swannanoa
+1.7%

Housing Supply in Black Mountain Township, NC

How many homes are available in Black Mountain Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
102118+15.7%

Summary: The Black Mountain Township real estate market had 118 homes for sale in May 2024, a 15.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 1520
+33.3%
3 5558
+5.5%
4 1824
+33.3%
5+ 1214
+16.7%

Summary: The Black Mountain Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2521-16.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Black Mountain Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Black Mountain Township in May 2024, down by 16.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for Black Mountain Township, NC

How long does it take to sell a home in Black Mountain Township, NC?

Average Sale Time

May 2023May 2024CHANGE
15 Days39 Days+156.9%

Summary: Homes in Black Mountain Township had an average of 39 days on market in May 2024, up by 156.9% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Black Mountain Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 21 homes were sold in Black Mountain Township; 62% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Black Mountain Township, NC

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