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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McDowell County is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, McDowell County was a Seller's Market.

Key Takeaway

McDowell County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in McDowell County, NC cost?

Median Sold Price

$279,544

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$55,494(+24.8%)

Key Takeaway

Homes in McDowell County have sold for 24.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $235K$185K
-21.3%
2 $173K$217.5K
+25.7%
3 $234.1K$289K
+23.4%
4 $340K$369.9K
+8.8%
5+ $302.5K$282.5K
-6.6%

Median Sold Price Compared To Nearby Counties

McDowell County
+24.8%
Burke County
+15.0%
Yancey County
+11.7%
Rutherford County
+4.2%
Mitchell County
-6.1%

How many homes are available in McDowell County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
165154-6.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 12
+100.0%
2 3642
+16.7%
3 10889
-17.6%
4 1415
+7.1%
5+ 66
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
4725-46.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McDowell County, you may be able to get a good deal. 56% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
41 Days31 Days-24.6%

Breakdown of Home Sale Times

18 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 McDowell County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About McDowell County, NC

Number of homes for sale in McDowell County, NC real estate market have reached 154. The number of homes for sale in McDowell County, NC decreased by 6.7% between October 2022 and November 2022. In November 2022 median list price was $279,544 and the average listing age was 31 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices decreased by 21.3%, 2 bedrooms properties became 25.7% more expensive, 3 bedrooms properties became 23.4% more expensive, prices of 4 bedrooms properties increased by 8.8%, 5 bedrooms properties became 6.6% more cheaper. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes increased by 100%, volume of 2 bedrooms homes went up by 16.7%, volume of 3 bedrooms homes went down by 17.6%, number of 4 bedrooms homes increased by 7.1%, 5 bedrooms homes inventory did not change. McDowell County, NC housing market in November 2022 saw over 6 listings sold above listed price, more than 5 sold at listed price and over 14 sold below.

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