Is Avery County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Avery County was a Seller's Market.
Housing Prices in Avery County, NC
How much do homes in Avery County, NC cost?
Median Sold Price
$343,500
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Avery County was $343,500 in March 2024, down 10.8% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $164.5K | $178K | +8.2% |
2 Bedrooms | $284K | $287.9K | +1.4% |
3 Bedrooms | $440K | $412.5K | -6.3% |
4 Bedrooms | $695.9K | $755K | +8.5% |
5+ Bedrooms | $1.2M | - | N/A |
Summary: Avery County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Mitchell County | $235K | $267.5K | +13.8% |
Carter County | $208.4K | $221.2K | +6.1% |
Johnson County | $270K | $274.5K | +1.7% |
Avery County | $385.2K | $343.5K | -10.8% |
Housing Supply in Avery County, NC
How many homes are available in Avery County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 68 | +15.3% |
Summary: The Avery County real estate market had 68 homes for sale in March 2024, a 15.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 17 | 21 | +23.5% |
3 Bedrooms | 20 | 24 | +20.0% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Avery 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 increased by 23.5%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Avery County in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Avery County, NC
How long does it take to sell a home in Avery County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
84 Days | 132 Days | +57.2% |
Summary: Homes in Avery County had an average of 132 days on market in Mar 2024, up by 57.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Avery County; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 83% of homes were sold over 90 days.