Is Yancey County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Yancey County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $134K | $218.5K | +63.1% |
2 Bedrooms | $293.5K | $312.5K | +6.5% |
3 Bedrooms | $375K | $382K | +1.9% |
4 Bedrooms | $470K | $650K | +38.3% |
5+ Bedrooms | $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 | $235K | $267.5K | +13.8% |
Unicoi County | $220K | $240K | +9.1% |
McDowell County | $279.5K | $295K | +5.5% |
Yancey County | $337K | $355K | +5.3% |
Madison County | $400K | $415K | +3.8% |
Housing Supply in Yancey County, NC
How many homes are available in Yancey County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 90 | 0.0% |
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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 29 | 26 | -10.3% |
3 Bedrooms | 50 | 50 | 0.0% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 1 | 3 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
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 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 94 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
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.