Is Swannanoa Township, 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, Swannanoa Township was a Seller's Market.
Housing Prices in Swannanoa Township, NC
How much do homes in Swannanoa Township, NC cost?
Median Sold Price
$441,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Swannanoa Township was $441,000 in May 2024, up 4% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $765K | $670K | -12.4% |
2 Bedrooms | $375K | $355K | -5.3% |
3 Bedrooms | $415K | $450.5K | +8.6% |
4 Bedrooms | $735K | $750K | +2.0% |
5+ Bedrooms | $857.6K | $870K | +1.4% |
Summary: Swannanoa Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.4%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
Asheville | $460.4K | $486.2K | +5.6% |
Swannanoa Township | $424K | $441K | +4.0% |
Fairview Township | $553K | $575K | +4.0% |
Asheville Township | $478.7K | $495.9K | +3.6% |
Swannanoa | $388.5K | $395K | +1.7% |
Housing Supply in Swannanoa Township, NC
How many homes are available in Swannanoa Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 70 | +37.3% |
Summary: The Swannanoa Township real estate market had 70 homes for sale in May 2024, a 37.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 10 | 17 | +70.0% |
3 Bedrooms | 29 | 38 | +31.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Swannanoa Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 70%, 3 bedroom homes increased by 31%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 11 | -35.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Swannanoa Township in May 2024, down by 35.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Swannanoa Township, NC
How long does it take to sell a home in Swannanoa Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 28 Days | +24.6% |
Summary: Homes in Swannanoa Township had an average of 28 days on market in May 2024, up by 24.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Swannanoa Township; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.