Is McDowell County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, McDowell County has remained a Seller's Market.
Housing Prices in McDowell County, NC
How much do homes in McDowell County, NC cost?
Median Sold Price
$290,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in McDowell County was $290,000 in February 2024, up 2.7% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.5K | $168.5K | -12.5% |
2 Bedrooms | $228.4K | $227.5K | -0.4% |
3 Bedrooms | $286K | $299K | +4.5% |
4 Bedrooms | $352.4K | $391K | +10.9% |
5+ Bedrooms | $465K | $345K | -25.8% |
Summary: McDowell County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 25.8%.
Median Sold Price Compared To Nearby Counties
Mitchell County | $235K | $284.5K | +21.1% |
Burke County | $239.8K | $250.1K | +4.3% |
Rutherford County | $250.8K | $260K | +3.7% |
Yancey County | $340K | $350K | +2.9% |
McDowell County | $282.5K | $290K | +2.7% |
Housing Supply in McDowell County, NC
How many homes are available in McDowell County, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
156 | 159 | +1.9% |
Summary: The McDowell County real estate market had 159 homes for sale in February 2024, a 1.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 40 | 45 | +12.5% |
3 Bedrooms | 82 | 80 | -2.4% |
4 Bedrooms | 21 | 21 | 0.0% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The McDowell County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
31 | 29 | -6.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in McDowell County in February 2024, down by 6.5% month-over-month. Of the 29 sold homes, 72% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for McDowell County, NC
How long does it take to sell a home in McDowell County, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
36 Days | 61 Days | +69.9% |
Summary: Homes in McDowell County had an average of 61 days on market in Feb 2024, up by 69.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During February 2024, 29 homes were sold in McDowell County; 48% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.