Is Sylva, 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, Sylva has remained a Seller's Market.
Housing Prices in Sylva, NC
How much do homes in Sylva, NC cost?
Median Sold Price
$330,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sylva was $330,000 in April 2024, up 3.1% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $102.5K | -64.0% |
2 Bedrooms | $282.6K | $320K | +13.2% |
3 Bedrooms | $275K | $330K | +20.0% |
4 Bedrooms | $875K | $515K | -41.1% |
5+ Bedrooms | $982.5K | $1.4M | +50.2% |
Summary: Sylva housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 41.1%, and 5+ bedroom homes increased by 50.2%.
Median Sold Price Compared To Nearby Cities
Sylva Township | $317.5K | $330K | +3.9% |
Sylva | $320K | $330K | +3.1% |
Webster Township | $322.2K | $290K | -10.0% |
Housing Supply in Sylva, NC
How many homes are available in Sylva, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 67 | +19.6% |
Summary: The Sylva real estate market had 67 homes for sale in April 2024, a 19.6% 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 | 21 | 22 | +4.8% |
3 Bedrooms | 25 | 30 | +20.0% |
4 Bedrooms | 5 | 10 | +100.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Sylva 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 4.8%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 14 | +250.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Sylva in April 2024, up by 250.0% month-over-month. Of the 14 sold homes, 79% were sold under asking, 14% were sold at asking, and 7% were sold over asking.
Days on Market for Sylva, NC
How long does it take to sell a home in Sylva, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 58 Days | -16.6% |
Summary: Homes in Sylva had an average of 58 days on market in Apr 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Sylva; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.