Is Saluda, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Saluda was a Seller's Market.
Key Takeaway
Saluda is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Saluda, NC
How much do homes in Saluda, NC cost?
Median Sold Price
$434,500
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Saluda have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Saluda was $434,500 in May 2024, up 11.4% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $279.5K | +136.9% |
| 2 Bedrooms | $368.7K | $365K | -1.0% |
| 3 Bedrooms | $417K | $550K | +31.9% |
| 4 Bedrooms | $475K | $804K | +69.3% |
| 5+ Bedrooms | - | $875K | N/A |
Summary: Saluda housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.9%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 31.9%, 4 bedroom homes increased by 69.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Saluda | $390K | $434.5K | +11.4% |
| Saluda Township | $418.5K | $434.5K | +3.8% |
| Green River Township | $572.8K | $570K | -0.5% |
Housing Supply in Saluda, NC
How many homes are available in Saluda, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 30 | +25.0% |
Summary: The Saluda real estate market had 30 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 10 | 19 | +90.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Saluda 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 decreased by 37.5%, 3 bedroom homes increased by 90%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saluda, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Saluda in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Saluda, NC
How long does it take to sell a home in Saluda, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 61 Days | 69 Days | +12.3% |
Summary: Homes in Saluda had an average of 69 days on market in May 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saluda are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Saluda; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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