Is Sylva, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Sylva has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $212.5K | N/A |
2 Bedrooms | $265K | $300K | +13.2% |
3 Bedrooms | $350K | $377K | +7.7% |
4 Bedrooms | - | $414.5K | N/A |
5+ Bedrooms | - | - | 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 | $335.5K | $355K | +5.8% |
Sylva Township | $335.5K | $355K | +5.8% |
Housing Supply in Sylva, NC
How many homes are available in Sylva, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 57 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 21 | 14 | -33.3% |
3 Bedrooms | 30 | 25 | -16.7% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 3 | 4 | +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 2024 | May 2024 | CHANGE |
---|---|---|
16 | 11 | -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
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 2024 | May 2024 | CHANGE |
---|---|---|
52 Days | 15 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
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.