Is Sylva, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sylva is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Sylva has remained a Seller's Market.

Key Takeaway

Sylva is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sylva, NC

How much do homes in Sylva, NC cost?

Median Sold Price

$355,000

$217/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$19,500(+5.8%)

Key Takeaway

Homes in Sylva have sold for 5.8% more than they did a month ago.

Summary: The median home sold price in Sylva was $355,000 in May 2024, up 5.8% from last month, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 -$212.5K
N/A
2 $265K$300K
+13.2%
3 $350K$377K
+7.7%
4 -$414.5K
N/A
5+ --
N/A

Summary: Sylva housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sylva
+5.8%
Sylva Township
+5.8%

Housing Supply in Sylva, NC

How many homes are available in Sylva, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6657-13.6%

Summary: The Sylva real estate market had 57 homes for sale in May 2024, a 13.6% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 33
0.0%
2 2114
-33.3%
3 3025
-16.7%
4 911
+22.2%
5+ 34
+33.3%

Summary: The Sylva 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 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1611-31.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sylva, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Sylva in May 2024, down by 31.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.

Days on Market for Sylva, NC

How long does it take to sell a home in Sylva, NC?

Average Sale Time

Apr 2024May 2024CHANGE
52 Days15 Days-71.3%

Summary: Homes in Sylva had an average of 15 days on market in May 2024, down by 71.3% compared to last month.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sylva are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 11 homes were sold in Sylva; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Sylva, NC

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