Is Black Mountain Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Black Mountain Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $384.5K | $442.5K | +15.1% |
2 Bedrooms | $350K | $408K | +16.6% |
3 Bedrooms | $457.6K | $489.5K | +7.0% |
4 Bedrooms | $630K | $882.3K | +40.0% |
5+ Bedrooms | $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 | $441.9K | $530K | +19.9% |
Black Mountain Township | $449.5K | $530K | +17.9% |
Old Fort Township | $272.5K | $315K | +15.6% |
Swannanoa | $388.5K | $395K | +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 2024 | May 2024 | CHANGE |
---|---|---|
102 | 118 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 15 | 20 | +33.3% |
3 Bedrooms | 55 | 58 | +5.5% |
4 Bedrooms | 18 | 24 | +33.3% |
5+ Bedrooms | 12 | 14 | +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 2024 | May 2024 | CHANGE |
---|---|---|
25 | 21 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 39 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
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.