Is Sylva, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sylva is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$10,000(+3.1%)

Key Takeaway

Homes in Sylva have sold for 3.1% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $285K$102.5K
-64.0%
2 $282.6K$320K
+13.2%
3 $275K$330K
+20.0%
4 $875K$515K
-41.1%
5+ $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
+3.9%
Sylva
+3.1%
Webster Township
-10.0%

Housing Supply in Sylva, NC

How many homes are available in Sylva, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5667+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

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 2122
+4.8%
3 2530
+20.0%
4 510
+100.0%
5+ 33
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 2024Apr 2024CHANGE
414+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sylva, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
70 Days58 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 8 Days Ago

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