Is Maggie Valley, 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, Maggie Valley has remained a Seller's Market.
Key Takeaway
Maggie Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maggie Valley, NC
How much do homes in Maggie Valley, NC cost?
Median Sold Price
$401,500
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Maggie Valley have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Maggie Valley was $401,500 in May 2024, up 7.4% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154.4K | $270K | +74.8% |
| 2 Bedrooms | $310K | $371K | +19.7% |
| 3 Bedrooms | $453K | $524.9K | +15.9% |
| 4 Bedrooms | $500K | $480K | -4.0% |
| 5+ Bedrooms | $610.5K | $965K | +58.1% |
Summary: Maggie Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.8%, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 15.9%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 58.1%.
Median Sold Price Compared To Nearby Cities
| Waynesville Township | $355K | $406.8K | +14.6% |
| Ivy Hill Township | $365K | $400K | +9.6% |
| Maggie Valley | $374K | $401.5K | +7.4% |
Housing Supply in Maggie Valley, NC
How many homes are available in Maggie Valley, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 76 | 88 | +15.8% |
Summary: The Maggie Valley real estate market had 88 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 40 | 40 | 0.0% |
| 3 Bedrooms | 22 | 30 | +36.4% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Maggie Valley 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 remained the same, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 20 | +81.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maggie Valley, you may be able to get a good deal. 55% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Maggie Valley in May 2024, up by 81.8% month-over-month. Of the 20 sold homes, 55% were sold under asking, 25% were sold at asking, and 20% were sold over asking.
Days on Market for Maggie Valley, NC
How long does it take to sell a home in Maggie Valley, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 52 Days | +129.0% |
Summary: Homes in Maggie Valley had an average of 52 days on market in May 2024, up by 129% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maggie Valley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Maggie Valley; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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