Is Black Mountain, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Black Mountain was a Seller's Market.
Housing Prices in Black Mountain, NC
How much do homes in Black Mountain, NC cost?
Median Sold Price
$515,520
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Black Mountain was $515,520 in March 2024, up 15.9% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $381.5K | $350K | -8.3% |
2 Bedrooms | $366K | $398K | +8.7% |
3 Bedrooms | $444.9K | $492.5K | +10.7% |
4 Bedrooms | $605K | $870K | +43.8% |
5+ Bedrooms | $807.5K | $875K | +8.4% |
Summary: Black Mountain housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
Black Mountain | $444.9K | $515.5K | +15.9% |
Black Mountain Township | $449.7K | $507.7K | +12.9% |
Swannanoa | $386.2K | $380K | -1.6% |
Housing Supply in Black Mountain, NC
How many homes are available in Black Mountain, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
86 | 97 | +12.8% |
Summary: The Black Mountain real estate market had 97 homes for sale in March 2024, a 12.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 43 | 49 | +14.0% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Black Mountain housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 11 | -47.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Black Mountain in March 2024, down by 47.6% month-over-month. Of the 11 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% were sold over asking.
Days on Market for Black Mountain, NC
How long does it take to sell a home in Black Mountain, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 55 Days | +40.8% |
Summary: Homes in Black Mountain had an average of 55 days on market in Mar 2024, up by 40.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Black Mountain; 55% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.