$5,047 Closing Credit*
$425,000
1,371 SqFt
2 Beds
•2 Full Baths
Listing Office: Lusso Realty
Is Black Mountain Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Black Mountain Township was a Seller's Market.
Key Takeaway
Black Mountain Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Black Mountain Township, NC
How much do homes in Black Mountain Township, NC cost?
Median Sold Price
$535,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$42,500(+8.6%)
Key Takeaway
Homes in Black Mountain Township have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Black Mountain Township was $535,000 in September 2024, up 8.6% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $384.5K | $265K | -31.1% |
| 2 Bedrooms | $371K | $412.5K | +11.2% |
| 3 Bedrooms | $489.5K | $490K | 0.1% |
| 4 Bedrooms | $755K | $870K | +15.2% |
| 5+ Bedrooms | $760K | $875K | +15.1% |
Summary: Black Mountain Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.1%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Old Fort Township | $280.5K | $305K | +8.7% |
| Black Mountain Township | $492.5K | $535K | +8.6% |
| Black Mountain | $495K | $532.5K | +7.6% |
| Swannanoa | $400K | $414K | +3.5% |
Housing Supply in Black Mountain Township, NC
How many homes are available in Black Mountain Township, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 98 | 94 | -4.1% |
Summary: The Black Mountain Township real estate market had 94 homes for sale in September 2024, a 4.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 41 | 41 | 0.0% |
| 4 Bedrooms | 27 | 23 | -14.8% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Black Mountain Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 22 | 11 | -50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Black Mountain Township, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Black Mountain Township in September 2024, down by 50.0% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for Black Mountain Township, NC
How long does it take to sell a home in Black Mountain Township, NC?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 47 Days | 50 Days | +6.8% |
Summary: Homes in Black Mountain Township had an average of 50 days on market in Sep 2024, up by 6.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Black Mountain Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 11 homes were sold in Black Mountain Township; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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