Is Chimney Rock 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, Chimney Rock Township has remained a Seller's Market.
Key Takeaway
Chimney Rock Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chimney Rock Township, NC
How much do homes in Chimney Rock Township, NC cost?
Median Sold Price
$492,500
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chimney Rock Township have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Chimney Rock Township was $492,500 in May 2024, up 9.4% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137K | $150K | +9.5% |
| 2 Bedrooms | $397.5K | $380K | -4.4% |
| 3 Bedrooms | $585K | $576K | -1.5% |
| 4 Bedrooms | $687.5K | $980K | +42.5% |
| 5+ Bedrooms | $1.1M | $1.5M | +31.4% |
Summary: Chimney Rock Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 42.5%, and 5+ bedroom homes increased by 31.4%.
Median Sold Price Compared To Nearby Cities
| Cooper Gap Township | $499K | $595K | +19.2% |
| Chimney Rock Township | $450K | $492.5K | +9.4% |
| Lake Lure | $465K | $482.5K | +3.8% |
Housing Supply in Chimney Rock Township, NC
How many homes are available in Chimney Rock Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 106 | 119 | +12.3% |
Summary: The Chimney Rock Township real estate market had 119 homes for sale in May 2024, a 12.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 28 | 34 | +21.4% |
| 3 Bedrooms | 52 | 55 | +5.8% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Chimney Rock Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chimney Rock Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Chimney Rock Township in May 2024, up by 53.8% month-over-month. Of the 20 sold homes, 75% were sold under asking, 15% were sold at asking, and 10% were sold over asking.
Days on Market for Chimney Rock Township, NC
How long does it take to sell a home in Chimney Rock Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 66 Days | 82 Days | +24.5% |
Summary: Homes in Chimney Rock Township had an average of 82 days on market in May 2024, up by 24.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chimney Rock Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Chimney Rock Township; 60% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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