Is McDowell County, 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, McDowell County has remained a Seller's Market.
Housing Prices in McDowell County, NC
How much do homes in McDowell County, NC cost?
Median Sold Price
$295,865
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in McDowell County was $295,865 in April 2024, up 6% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $206K | $167K | -18.9% |
2 Bedrooms | $232K | $225K | -3.0% |
3 Bedrooms | $285K | $299.8K | +5.2% |
4 Bedrooms | $354.9K | $496K | +39.8% |
5+ Bedrooms | $345K | $341.2K | -1.1% |
Summary: McDowell County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 39.8%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Counties
Mitchell County | $235K | $261K | +11.1% |
Yancey County | $330K | $355K | +7.6% |
Burke County | $240K | $255K | +6.3% |
McDowell County | $279K | $295.8K | +6.0% |
Rutherford County | $250.1K | $264.6K | +5.8% |
Housing Supply in McDowell County, NC
How many homes are available in McDowell County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
163 | 177 | +8.6% |
Summary: The McDowell County real estate market had 177 homes for sale in April 2024, a 8.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 45 | 50 | +11.1% |
3 Bedrooms | 86 | 92 | +7.0% |
4 Bedrooms | 23 | 24 | +4.3% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The McDowell County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 35 | +25.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in McDowell County in April 2024, up by 25.0% month-over-month. Of the 35 sold homes, 66% were sold under asking, 14% were sold at asking, and 20% were sold over asking.
Days on Market for McDowell County, NC
How long does it take to sell a home in McDowell County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 71 Days | +96.7% |
Summary: Homes in McDowell County had an average of 71 days on market in Apr 2024, up by 96.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in McDowell County; 54% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.