Is Swain County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Swain County is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Swain County was a Seller's Market.

Key Takeaway

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

Housing Prices in Swain County, NC

How much do homes in Swain County, NC cost?

Median Sold Price

$395,000

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$25,000(+6.8%)

Key Takeaway

Homes in Swain County have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Swain County was $395,000 in March 2024, up 6.8% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $200K$269K
+34.5%
2 $358.7K$320K
-10.8%
3 $363K$414.2K
+14.1%
4 $996.2K$522K
-47.6%
5+ $571K$1.5M
+175.8%

Summary: Swain County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.5%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 14.1%, 4 bedroom homes decreased by 47.6%, and 5+ bedroom homes increased by 175.8%.

Median Sold Price Compared To Nearby Counties

Swain County
+6.8%
Jackson County
+5.7%
Sevier County
-5.7%

Housing Supply in Swain County, NC

How many homes are available in Swain County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2936+24.1%

Summary: The Swain County real estate market had 36 homes for sale in March 2024, a 24.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 1215
+25.0%
3 812
+50.0%
4 55
0.0%
5+ 22
0.0%

Summary: The Swain 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 25%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were 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 Swain County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Swain County in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Swain County, NC

How long does it take to sell a home in Swain County, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
79 Days26 Days-67.1%

Summary: Homes in Swain County had an average of 26 days on market in Mar 2024, down by 67.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

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

Summary: During March 2024, 2 homes were sold in Swain County; 50% of homes were sold within 30 days, 50% 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 26 Days Ago

Newest Listings in Swain County, NC

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