Is Swannanoa, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Swannanoa was a Seller's Market.
Key Takeaway
Swannanoa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Swannanoa, NC
How much do homes in Swannanoa, NC cost?
Median Sold Price
$395,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Swannanoa have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Swannanoa was $395,000 in May 2024, up 1.7% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.4K | $412.5K | +41.0% |
| 2 Bedrooms | $377.7K | $320K | -15.3% |
| 3 Bedrooms | $380K | $399K | +5.0% |
| 4 Bedrooms | $655K | $785K | +19.8% |
| 5+ Bedrooms | $1.1M | $845K | -29.3% |
Summary: Swannanoa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41%, 2 bedroom homes decreased by 15.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes decreased by 29.3%.
Median Sold Price Compared To Nearby Cities
| Black Mountain | $441.9K | $530K | +19.9% |
| Black Mountain Township | $449.5K | $530K | +17.9% |
| Swannanoa Township | $424K | $441K | +4.0% |
| Fairview Township | $553K | $575K | +4.0% |
| Swannanoa | $388.5K | $395K | +1.7% |
Housing Supply in Swannanoa, NC
How many homes are available in Swannanoa, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Summary: The Swannanoa real estate market had 36 homes for sale in May 2024, a 24.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Swannanoa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swannanoa, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Swannanoa in May 2024, down by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Swannanoa, NC
How long does it take to sell a home in Swannanoa, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 38 Days | +92.6% |
Summary: Homes in Swannanoa had an average of 38 days on market in May 2024, up by 92.6% 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
Key Takeaway
Many homes in Swannanoa are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Swannanoa; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.