Is Black Mountain, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Black Mountain has remained a Seller's Market.
Housing Prices in Black Mountain, NC
How much do homes in Black Mountain, NC cost?
Median Sold Price
$525,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Black Mountain was $525,000 in April 2024, up 18% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $381.5K | $442.5K | +16.0% |
2 Bedrooms | $370.5K | $400K | +8.0% |
3 Bedrooms | $447.2K | $494.3K | +10.5% |
4 Bedrooms | $605K | $882.3K | +45.8% |
5+ Bedrooms | $845K | $962.5K | +13.9% |
Summary: Black Mountain housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 45.8%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
Black Mountain | $445K | $525K | +18.0% |
Black Mountain Township | $452.9K | $525K | +15.9% |
Swannanoa | $387K | $397K | +2.6% |
Housing Supply in Black Mountain, NC
How many homes are available in Black Mountain, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 103 | +15.7% |
Summary: The Black Mountain real estate market had 103 homes for sale in April 2024, a 15.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 16 | 17 | +6.3% |
3 Bedrooms | 45 | 55 | +22.2% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Black Mountain housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 23 | +109.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Black Mountain in April 2024, up by 109.1% month-over-month. Of the 23 sold homes, 57% were sold under asking, 13% were sold at asking, and 30% were sold over asking.
Days on Market for Black Mountain, NC
How long does it take to sell a home in Black Mountain, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 19 Days | -29.2% |
Summary: Homes in Black Mountain had an average of 19 days on market in Apr 2024, down by 29.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Black Mountain; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.