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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tryon is a buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Tryon, NC

How much do homes in Tryon, NC cost?

Median Sold Price

$409,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$64,000(+18.6%)

Key Takeaway

Homes in Tryon have sold for 18.6% more than they did a year ago.

Summary: The median home sold price in Tryon was $409,000 in April 2024, up 18.6% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $167.5K$310.2K
+85.2%
2 $231.7K$297.5K
+28.4%
3 $371K$440K
+18.6%
4 $669.1K$707.5K
+5.7%
5+ $1.1M$1.0M
-4.6%

Summary: Tryon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.2%, 2 bedroom homes increased by 28.4%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Cities

Landrum
+24.3%
Tryon
+18.6%
Tryon Township
+13.5%

Housing Supply in Tryon, NC

How many homes are available in Tryon, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4455+25.0%

Summary: The Tryon real estate market had 55 homes for sale in April 2024, a 25.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1014
+40.0%
3 2125
+19.0%
4 1012
+20.0%
5+ 34
+33.3%

Summary: The Tryon 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 40%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tryon, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Tryon in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Tryon, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
75 Days51 Days-32.1%

Summary: Homes in Tryon had an average of 51 days on market in Apr 2024, down by 32.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 7 homes were sold in Tryon; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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 12 Days Ago

Newest Listings in Tryon, NC

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