Is Sylva, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Sylva was a Seller's Market.
Housing Prices in Sylva, NC
How much do homes in Sylva, NC cost?
Median Sold Price
$327,500
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Sylva was $327,500 in February 2024, up 3.1% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $193.7K | N/A |
2 Bedrooms | $250.2K | $335K | +33.9% |
3 Bedrooms | $300K | $307.5K | +2.5% |
4 Bedrooms | $775K | $550K | -29.0% |
5+ Bedrooms | $1.2M | $850.7K | -31.4% |
Summary: Sylva housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.9%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes decreased by 31.4%.
Median Sold Price Compared To Nearby Cities
Sylva | $317.5K | $327.5K | +3.1% |
Sylva Township | $324.2K | $327.5K | +1.0% |
Housing Supply in Sylva, NC
How many homes are available in Sylva, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
41 | 39 | -4.9% |
Summary: The Sylva real estate market had 39 homes for sale in February 2024, a 4.9% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 24 | 23 | -4.2% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Sylva housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 4 | -60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Sylva in February 2024, down by 60.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Sylva, NC
How long does it take to sell a home in Sylva, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
61 Days | 47 Days | -23.0% |
Summary: Homes in Sylva had an average of 47 days on market in Feb 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Sylva; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.