Is Saluda, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Saluda was a Seller's Market.
Key Takeaway
Saluda is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Saluda, NC
How much do homes in Saluda, NC cost?
Median Sold Price
$434,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Saluda have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Saluda was $434,000 in March 2024, up 4.1% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $279.5K | +136.9% |
| 2 Bedrooms | $327.5K | $362.4K | +10.7% |
| 3 Bedrooms | $417K | $532K | +27.6% |
| 4 Bedrooms | $475K | $685K | +44.2% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Saluda housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.9%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 44.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Saluda | $417K | $434K | +4.1% |
| Saluda Township | $420K | $434K | +3.3% |
Housing Supply in Saluda, NC
How many homes are available in Saluda, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 28 | +21.7% |
Summary: The Saluda real estate market had 28 homes for sale in March 2024, a 21.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Saluda housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Saluda, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Saluda in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Saluda, NC
How long does it take to sell a home in Saluda, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 40 Days | +23.1% |
Summary: Homes in Saluda had an average of 40 days on market in Mar 2024, up by 23.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saluda are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Saluda; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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