Is Yancey County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Yancey County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Yancey County has remained a Seller's Market.

Key Takeaway

Yancey County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Yancey County, NC

How much do homes in Yancey County, NC cost?

Median Sold Price

$355,000

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$18,000(+5.3%)

Key Takeaway

Homes in Yancey County have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Yancey County was $355,000 in March 2024, up 5.3% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $134K$218.5K
+63.1%
2 $293.5K$312.5K
+6.5%
3 $375K$382K
+1.9%
4 $470K$650K
+38.3%
5+ $962.5K$535K
-44.4%

Summary: Yancey County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.1%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 38.3%, and 5+ bedroom homes decreased by 44.4%.

Median Sold Price Compared To Nearby Counties

Mitchell County
+13.8%
Unicoi County
+9.1%
McDowell County
+5.5%
Yancey County
+5.3%
Madison County
+3.8%

Housing Supply in Yancey County, NC

How many homes are available in Yancey County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
90900.0%

Summary: The Yancey County real estate market had 90 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 33
0.0%
2 2926
-10.3%
3 5050
0.0%
4 78
+14.3%
5+ 13
+200.0%

Summary: The Yancey County 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 10.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
16160.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Yancey County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Yancey County in March 2024, the same as the previous month. Of the 16 sold homes, 75% were sold under asking, 19% were sold at asking, and 6% were sold over asking.

Days on Market for Yancey County, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
75 Days94 Days+25.6%

Summary: Homes in Yancey County had an average of 94 days on market in Mar 2024, up by 25.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Yancey County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 16 homes were sold in Yancey County; 31% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 38% 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 Yancey County, NC

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