Is Black Mountain Township, 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, Black Mountain Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $384.5K | $442.5K | +15.1% |
2 Bedrooms | $365.5K | $399K | +9.2% |
3 Bedrooms | $460K | $489.5K | +6.4% |
4 Bedrooms | $620K | $891.1K | +43.7% |
5+ Bedrooms | $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 | $445K | $525K | +18.0% |
Black Mountain Township | $452.9K | $525K | +15.9% |
Old Fort Township | $270K | $312K | +15.6% |
Swannanoa | $387K | $397K | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 107 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 16 | 17 | +6.3% |
3 Bedrooms | 47 | 57 | +21.3% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 13 | 14 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 24 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 18 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
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.