Is McDowell County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, McDowell County was a Seller's Market.
Housing Prices in McDowell County, NC
How much do homes in McDowell County, NC cost?
Median Sold Price
$302,725
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in McDowell County was $302,725 in June 2024, up 10.1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $122.7K | -38.6% |
2 Bedrooms | $238K | $219.9K | -7.6% |
3 Bedrooms | $276K | $315.5K | +14.3% |
4 Bedrooms | $365K | $597.5K | +63.7% |
5+ Bedrooms | $465K | $367.5K | -21.0% |
Summary: McDowell County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.6%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 63.7%, and 5+ bedroom homes decreased by 21%.
Median Sold Price Compared To Nearby Counties
McDowell County | $275K | $302.7K | +10.1% |
Rutherford County | $250K | $268.8K | +7.6% |
Burke County | $242.2K | $259.4K | +7.1% |
Mitchell County | $250K | $267.5K | +7.0% |
Yancey County | $327.7K | $350K | +6.8% |
Housing Supply in McDowell County, NC
How many homes are available in McDowell County, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
181 | 206 | +13.8% |
Summary: The McDowell County real estate market had 206 homes for sale in June 2024, a 13.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 52 | 54 | +3.8% |
3 Bedrooms | 94 | 109 | +16.0% |
4 Bedrooms | 24 | 28 | +16.7% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The McDowell County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
22 | 34 | +54.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 34 homes were sold or pending in McDowell County in June 2024, up by 54.5% month-over-month. Of the 34 sold homes, 62% were sold under asking, 35% were sold at asking, and 3% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
25 Days | 37 Days | +45.6% |
Summary: Homes in McDowell County had an average of 37 days on market in Jun 2024, up by 45.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 34 homes were sold in McDowell County; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.