Is Transylvania County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Transylvania County has remained a Seller's Market.
Housing Prices in Transylvania County, NC
How much do homes in Transylvania County, NC cost?
Median Sold Price
$469,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Transylvania County was $469,000 in February 2024, up 4.2% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299K | $270K | -9.7% |
2 Bedrooms | $312.5K | $343.9K | +10.0% |
3 Bedrooms | $485K | $513K | +5.8% |
4 Bedrooms | $650K | $750K | +15.4% |
5+ Bedrooms | $706K | $1.0M | +41.6% |
Summary: Transylvania County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 41.6%.
Median Sold Price Compared To Nearby Counties
Greenville County | $319.1K | $345.1K | +8.1% |
Henderson County | $419.6K | $442.8K | +5.5% |
Transylvania County | $450K | $469K | +4.2% |
Jackson County | $339.8K | $352K | +3.6% |
Pickens County | $291.7K | $300.1K | +2.9% |
Housing Supply in Transylvania County, NC
How many homes are available in Transylvania County, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
178 | 192 | +7.9% |
Summary: The Transylvania County real estate market had 192 homes for sale in February 2024, a 7.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 48 | 51 | +6.3% |
3 Bedrooms | 86 | 92 | +7.0% |
4 Bedrooms | 31 | 34 | +9.7% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Transylvania County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
37 | 35 | -5.4% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Transylvania County in February 2024, down by 5.4% month-over-month. Of the 35 sold homes, 69% were sold under asking, 17% were sold at asking, and 14% were sold over asking.
Days on Market for Transylvania County, NC
How long does it take to sell a home in Transylvania County, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
59 Days | 62 Days | +5.5% |
Summary: Homes in Transylvania County had an average of 62 days on market in Feb 2024, up by 5.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During February 2024, 35 homes were sold in Transylvania County; 34% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.