Is McDowell 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, McDowell County was a Seller's Market.
Housing Prices in McDowell County, NC
How much do homes in McDowell County, NC cost?
Median Sold Price
$295,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in McDowell County was $295,000 in March 2024, up 5.5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.5K | $167K | -13.2% |
2 Bedrooms | $227K | $225K | -0.9% |
3 Bedrooms | $285.6K | $299.7K | +4.9% |
4 Bedrooms | $350K | $452K | +29.1% |
5+ Bedrooms | $345K | $341.2K | -1.1% |
Summary: McDowell County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 29.1%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Counties
Mitchell County | $235K | $267.5K | +13.8% |
Rutherford County | $250.3K | $266.3K | +6.4% |
McDowell County | $279.5K | $295K | +5.5% |
Yancey County | $337K | $355K | +5.3% |
Burke County | $240K | $252K | +5.0% |
Housing Supply in McDowell County, NC
How many homes are available in McDowell County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
160 | 171 | +6.9% |
Summary: The McDowell County real estate market had 171 homes for sale in March 2024, a 6.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 44 | 50 | +13.6% |
3 Bedrooms | 81 | 87 | +7.4% |
4 Bedrooms | 21 | 24 | +14.3% |
5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The McDowell County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 26 | -21.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in McDowell County in March 2024, down by 21.2% month-over-month. Of the 26 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.
Days on Market for McDowell County, NC
How long does it take to sell a home in McDowell County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 67 Days | +15.4% |
Summary: Homes in McDowell County had an average of 67 days on market in Mar 2024, up by 15.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in McDowell County; 50% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.