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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Black Mountain Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Black Mountain Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Black Mountain Township, NC

How much do homes in Black Mountain Township, NC cost?

Median Sold Price

$525,000

$312/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$72,065(+15.9%)

Key Takeaway

Homes in Black Mountain Township have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in Black Mountain Township was $525,000 in April 2024, up 15.9% from last year, and the median price per square foot was $312.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $384.5K$442.5K
+15.1%
2 $365.5K$399K
+9.2%
3 $460K$489.5K
+6.4%
4 $620K$891.1K
+43.7%
5+ $807.5K$875K
+8.4%

Summary: Black Mountain Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 43.7%, and 5+ bedroom homes increased by 8.4%.

Median Sold Price Compared To Nearby Cities

Black Mountain
+18.0%
Black Mountain Township
+15.9%
Old Fort Township
+15.6%
Swannanoa
+2.6%

Housing Supply in Black Mountain Township, NC

How many homes are available in Black Mountain Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
93107+15.1%

Summary: The Black Mountain Township real estate market had 107 homes for sale in April 2024, a 15.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 1617
+6.3%
3 4757
+21.3%
4 1517
+13.3%
5+ 1314
+7.7%

Summary: The Black Mountain Township 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 6.3%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1124+118.2%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Black Mountain Township, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Black Mountain Township in April 2024, up by 118.2% month-over-month. Of the 24 sold homes, 54% were sold under asking, 13% were sold at asking, and 33% were sold over asking.

Days on Market for Black Mountain Township, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
29 Days18 Days-37.1%

Summary: Homes in Black Mountain Township had an average of 18 days on market in Apr 2024, down by 37.1% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 24 homes were sold in Black Mountain Township; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% 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 13 Days Ago

Newest Listings in Black Mountain Township, NC

Nearby Markets to Black Mountain Township, NC

What housing markets are near Black Mountain Township, NC?