Is Sylva, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sylva is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Sylva was a Seller's Market.

Key Takeaway

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

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

+$10,000(+3.1%)

Key Takeaway

Homes in Sylva have sold for 3.1% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$193.7K
N/A
2 $250.2K$335K
+33.9%
3 $300K$307.5K
+2.5%
4 $775K$550K
-29.0%
5+ $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
+3.1%
Sylva Township
+1.0%

Housing Supply in Sylva, NC

How many homes are available in Sylva, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4139-4.9%

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

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1311
-15.4%
3 2423
-4.2%
4 12
+100.0%
5+ 22
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 2024Feb 2024CHANGE
104-60.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sylva, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
61 Days47 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sylva has remained consistent over time.

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.

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

Report Updated 28 Days Ago

Newest Listings in Sylva, NC

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