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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tryon is a buyer's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Tryon, NC

How much do homes in Tryon, NC cost?

Median Sold Price

$399,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$88,673(+28.6%)

Key Takeaway

Homes in Tryon have sold for 28.6% more than they did a year ago.

Summary: The median home sold price in Tryon was $399,000 in March 2024, up 28.6% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $167.5K$310.2K
+85.2%
2 $227.5K$255K
+12.1%
3 $365.5K$442K
+20.9%
4 $655K$707.5K
+8.0%
5+ $1.1M$807.5K
-28.0%

Summary: Tryon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.2%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 28%.

Median Sold Price Compared To Nearby Cities

Tryon
+28.6%
Landrum
+17.0%
Tryon Township
+11.8%

Housing Supply in Tryon, NC

How many homes are available in Tryon, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4342-2.3%

Summary: The Tryon real estate market had 42 homes for sale in March 2024, a 2.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 119
-18.2%
3 1719
+11.8%
4 1212
0.0%
5+ 32
-33.3%

Summary: The Tryon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
115-54.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tryon, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Tryon in March 2024, down by 54.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Tryon, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
51 Days56 Days+8.9%

Summary: Homes in Tryon had an average of 56 days on market in Mar 2024, up by 8.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 5 homes were sold in Tryon; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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 15 Days Ago

Newest Listings in Tryon, NC

Nearby Markets to Tryon, NC

What housing markets are near Tryon, NC?