Is Chimney Rock Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Chimney Rock Township was a Neutral Market.
Housing Prices in Chimney Rock Township, NC
How much do homes in Chimney Rock Township, NC cost?
Median Sold Price
$480,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chimney Rock Township was $480,000 in April 2024, up 5.5% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $142.5K | $150K | +5.3% |
2 Bedrooms | $398K | $380K | -4.5% |
3 Bedrooms | $562.3K | $576K | +2.4% |
4 Bedrooms | $687.5K | $957.5K | +39.3% |
5+ Bedrooms | $1.1M | $2.0M | +74.5% |
Summary: Chimney Rock Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes increased by 74.5%.
Median Sold Price Compared To Nearby Cities
Cooper Gap Township | $412.5K | $600K | +45.5% |
Chimney Rock Township | $455K | $480K | +5.5% |
Lake Lure | $470K | $460K | -2.1% |
Housing Supply in Chimney Rock Township, NC
How many homes are available in Chimney Rock Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 107 | +24.4% |
Summary: The Chimney Rock Township real estate market had 107 homes for sale in April 2024, a 24.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 25 | 30 | +20.0% |
3 Bedrooms | 39 | 50 | +28.2% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Chimney Rock Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Chimney Rock Township in April 2024, down by 14.3% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for Chimney Rock Township, NC
How long does it take to sell a home in Chimney Rock Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 106 Days | +47.9% |
Summary: Homes in Chimney Rock Township had an average of 106 days on market in Apr 2024, up by 47.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Chimney Rock Township; 42% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.