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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Swain County is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Swain County was a Neutral Market.

Key Takeaway

Swain County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Swain County, NC

How much do homes in Swain County, NC cost?

Median Sold Price

$394,950

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,000(+3.9%)

Key Takeaway

Homes in Swain County have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Swain County was $394,950 in April 2024, up 3.9% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $200K$284.5K
+42.3%
2 $365K$320K
-12.3%
3 $374K$414.2K
+10.8%
4 $870K$531.2K
-38.9%
5+ $571K$1.5M
+175.8%

Summary: Swain County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.3%, 2 bedroom homes decreased by 12.3%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 38.9%, and 5+ bedroom homes increased by 175.8%.

Median Sold Price Compared To Nearby Counties

Jackson County
+5.6%
Swain County
+3.9%
Sevier County
-2.7%

Housing Supply in Swain County, NC

How many homes are available in Swain County, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3441+20.6%

Summary: The Swain County real estate market had 41 homes for sale in April 2024, a 20.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 1516
+6.7%
3 1115
+36.4%
4 56
+20.0%
5+ 12
+100.0%

Summary: The Swain County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Swain County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Swain County in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Swain County, NC

How long does it take to sell a home in Swain County, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
47 Days23 Days-49.5%

Summary: Homes in Swain County had an average of 23 days on market in Apr 2024, down by 49.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Swain County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in Swain County; 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.

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

Report Updated 7 Days Ago

Newest Listings in Swain County, NC

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