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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sugar Mountain is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Sugar Mountain was a Seller's Market.

Key Takeaway

Sugar Mountain is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sugar Mountain, NC

How much do homes in Sugar Mountain, NC cost?

Median Sold Price

$275,000

$278/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$15,000(+5.8%)

Key Takeaway

Homes in Sugar Mountain have sold for 5.8% more than they did a month ago.

Summary: The median home sold price in Sugar Mountain was $275,000 in April 2024, up 5.8% from last month, and the median price per square foot was $278.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $260K$275K
+5.8%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Sugar Mountain housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sugar Mountain
+5.8%
Banner Elk
-4.4%
Banner Elk Township
-4.4%

Housing Supply in Sugar Mountain, NC

How many homes are available in Sugar Mountain, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1112+9.1%

Summary: The Sugar Mountain real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 88
0.0%
3 12
+100.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Sugar 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sugar Mountain, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Sugar Mountain in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sugar Mountain, NC

How long does it take to sell a home in Sugar Mountain, NC?

Average Sale Time

Mar 2024Apr 2024CHANGE
165 Days60 Days-63.6%

Summary: Homes in Sugar Mountain had an average of 60 days on market in Apr 2024, down by 63.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sugar Mountain has remained consistent over time.

Summary: During April 2024, 1 homes were sold in Sugar Mountain; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 10 Days Ago

Newest Listings in Sugar Mountain, NC

Nearby Markets to Sugar Mountain, NC

What housing markets are near Sugar Mountain, NC?