Is Macon County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Macon County is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Macon County was a Neutral Market.

Key Takeaway

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

Housing Prices in Macon County, NC

How much do homes in Macon County, NC cost?

Median Sold Price

$425,000

$203/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$26,000(+6.5%)

Key Takeaway

Homes in Macon County have sold for 6.5% more than they did a month ago.

Summary: The median home sold price in Macon County was $425,000 in March 2024, up 6.5% from last month, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $232.4K$430K
+85.0%
3 $412K$399.5K
-3.0%
4 $715K$399.5K
-44.1%
5+ --
N/A

Summary: Macon County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 85%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 44.1%, and 5+ bedroom homes did not change.

Housing Supply in Macon County, NC

How many homes are available in Macon County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4849+2.1%

Summary: The Macon County real estate market had 49 homes for sale in March 2024, a 2.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 910
+11.1%
3 2826
-7.1%
4 910
+11.1%
5+ 12
+100.0%

Summary: The Macon County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
711+57.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Macon County, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Macon County in March 2024, up by 57.1% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.

Days on Market for Macon County, NC

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

Average Sale Time

Feb 2024Mar 2024CHANGE
71 Days89 Days+26.1%

Summary: Homes in Macon County had an average of 89 days on market in Mar 2024, up by 26.1% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 11 homes were sold in Macon County; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% 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 22 Days Ago

Newest Listings in Macon County, NC

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