Is Swannanoa, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Swannanoa has remained a Seller's Market.
Key Takeaway
Swannanoa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Swannanoa, NC
How much do homes in Swannanoa, NC cost?
Median Sold Price
$397,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Swannanoa have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Swannanoa was $397,000 in April 2024, up 2.6% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.4K | $412.5K | +41.0% |
| 2 Bedrooms | $376.5K | $332.4K | -11.7% |
| 3 Bedrooms | $386.2K | $397K | +2.8% |
| 4 Bedrooms | $545.3K | $787.5K | +44.4% |
| 5+ Bedrooms | $1.1M | $845K | -29.3% |
Summary: Swannanoa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 29.3%.
Median Sold Price Compared To Nearby Cities
| Black Mountain | $445K | $525K | +18.0% |
| Black Mountain Township | $452.9K | $525K | +15.9% |
| Swannanoa Township | $410K | $453K | +10.5% |
| Swannanoa | $387K | $397K | +2.6% |
| Fairview Township | $570K | $575K | +0.9% |
Housing Supply in Swannanoa, NC
How many homes are available in Swannanoa, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Summary: The Swannanoa real estate market had 32 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Swannanoa 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swannanoa, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Swannanoa in April 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Swannanoa, NC
How long does it take to sell a home in Swannanoa, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 47 Days | +29.8% |
Summary: Homes in Swannanoa had an average of 47 days on market in Apr 2024, up by 29.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Swannanoa are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Swannanoa; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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