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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sylva Township is a buyer's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Sylva Township, NC

How much do homes in Sylva Township, NC cost?

Median Sold Price

$327,500

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$7,500(+2.3%)

Key Takeaway

Homes in Sylva Township have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Sylva Township was $327,500 in March 2024, up 2.3% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $185K$193.7K
+4.7%
2 $247.6K$327.5K
+32.3%
3 $311.7K$316.2K
+1.4%
4 $775K$532.5K
-31.3%
5+ $725K$1.4M
+103.5%

Summary: Sylva Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 32.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes increased by 103.5%.

Median Sold Price Compared To Nearby Cities

Cullowhee Township
+16.7%
Sylva Township
+2.3%
Sylva
+1.8%

Housing Supply in Sylva Township, NC

How many homes are available in Sylva Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3661+69.4%

Summary: The Sylva Township real estate market had 61 homes for sale in March 2024, a 69.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 921
+133.3%
3 2229
+31.8%
4 25
+150.0%
5+ 24
+100.0%

Summary: The Sylva Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
54-20.0%

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 Township, 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 Township in March 2024, down by 20.0% 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 Township, NC

How long does it take to sell a home in Sylva Township, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
45 Days63 Days+40.1%

Summary: Homes in Sylva Township had an average of 63 days on market in Mar 2024, up by 40.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 4 homes were sold in Sylva Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 22 Days Ago

Newest Listings in Sylva Township, NC

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