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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mitchell County is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Mitchell County has remained a Seller's Market.

Key Takeaway

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

How much do homes in Mitchell County, NC cost?

Median Sold Price

$230,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$15,000(-6.1%)

Key Takeaway

Homes in Mitchell County have sold for 6.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $126K$155K
+23.0%
2 $211K$204.5K
-3.1%
3 $278K$267.5K
-3.8%
4 $305K$405.7K
+33.0%
5+ $286K$352K
+23.1%

Median Sold Price Compared To Nearby Counties

McDowell County
+24.8%
Yancey County
+11.7%
Avery County
+8.7%
Mitchell County
-6.1%

How many homes are available in Mitchell County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
8881-8.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 34
+33.3%
2 3332
-3.0%
3 4138
-7.3%
4 85
-37.5%
5+ 32
-33.3%

Number of Homes Sold

Oct 2022Nov 2022%
18180.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mitchell County, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
27 Days53 Days+97.3%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mitchell 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 Mitchell County, NC

There are 81 homes are for sale in Mitchell County, NC real estate market. Between October 2022 and November 2022, Mitchell County, NC real estate market has seen decrease in the number of listings by 8%. While the average time on the market in November 2022 was 53 days, the median list price was $230,000. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went up by 23%, 2 bedrooms properties became 3.1% more cheaper, 3 bedrooms properties prices decreased by 3.8%, the cost of 4 bedrooms properties went up by 33%, prices of 5 bedrooms properties went up by 23.1%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes increased by 33.3%, 2 bedrooms homes became 3% less available, 3 bedrooms homes inventory decreased by 7.3%, volume of 4 bedrooms homes went down by 37.5%, volume of 5 bedrooms homes went down by 33.3%. In November 2022 more than 1 listings in Mitchell County, NC were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 16 were sold below.

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