Is Mitchell 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, Mitchell County was a Seller's Market.
Housing Prices in Mitchell County, NC
How much do homes in Mitchell County, NC cost?
Median Sold Price
$267,500
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Mitchell County was $267,500 in June 2024, up 7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175.3K | $246.2K | +40.5% |
2 Bedrooms | $210K | $235K | +11.9% |
3 Bedrooms | $272K | $260K | -4.4% |
4 Bedrooms | $375K | $368.4K | -1.7% |
5+ Bedrooms | $377.5K | $444K | +17.6% |
Summary: Mitchell County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.5%, 2 bedroom homes increased by 11.9%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Counties
Unicoi County | $220K | $251.7K | +14.4% |
McDowell County | $275K | $302.7K | +10.1% |
Mitchell County | $250K | $267.5K | +7.0% |
Yancey County | $327.7K | $350K | +6.8% |
Avery County | $395K | $337K | -14.7% |
Housing Supply in Mitchell County, NC
How many homes are available in Mitchell County, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
84 | 90 | +7.1% |
Summary: The Mitchell County real estate market had 90 homes for sale in June 2024, a 7.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 25 | 24 | -4.0% |
3 Bedrooms | 45 | 46 | +2.2% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Mitchell County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Mitchell County in June 2024, up by 37.5% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Mitchell County, NC
How long does it take to sell a home in Mitchell County, NC?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
68 Days | 76 Days | +10.8% |
Summary: Homes in Mitchell County had an average of 76 days on market in Jun 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 11 homes were sold in Mitchell County; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.