Is Black Mountain, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Black Mountain is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Black Mountain has remained a Seller's Market.

Key Takeaway

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

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

+$80,000(+18.0%)

Key Takeaway

Homes in Black Mountain have sold for 18% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $381.5K$442.5K
+16.0%
2 $370.5K$400K
+8.0%
3 $447.2K$494.3K
+10.5%
4 $605K$882.3K
+45.8%
5+ $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
+18.0%
Black Mountain Township
+15.9%
Swannanoa
+2.6%

Housing Supply in Black Mountain, NC

How many homes are available in Black Mountain, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
89103+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

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 1617
+6.3%
3 4555
+22.2%
4 1315
+15.4%
5+ 1314
+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 2024Apr 2024CHANGE
1123+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Black Mountain, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
27 Days19 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Black Mountain are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in Black Mountain, NC

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