Is Yancey County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Yancey County is a neutral's market

Buyer's
Market

Difference Since April 2023

Since last year, Yancey County has remained a Neutral Market.

Key Takeaway

Yancey County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Yancey County, NC

How much do homes in Yancey County, NC cost?

Median Sold Price

$355,000

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$25,000(+7.6%)

Key Takeaway

Homes in Yancey County have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Yancey County was $355,000 in April 2024, up 7.6% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $134K$212K
+58.2%
2 $287K$317K
+10.5%
3 $368K$378.5K
+2.9%
4 $470K$650K
+38.3%
5+ $1.5M$690K
-54.4%

Summary: Yancey County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.2%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 38.3%, and 5+ bedroom homes decreased by 54.4%.

Median Sold Price Compared To Nearby Counties

Mitchell County
+11.1%
Unicoi County
+8.0%
Yancey County
+7.6%
McDowell County
+6.0%
Madison County
+6.0%

Housing Supply in Yancey County, NC

How many homes are available in Yancey County, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
83102+22.9%

Summary: The Yancey County real estate market had 102 homes for sale in April 2024, a 22.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 23
+50.0%
2 2332
+39.1%
3 4651
+10.9%
4 913
+44.4%
5+ 33
0.0%

Summary: The Yancey County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 39.1%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
17170.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Yancey County, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Yancey County in April 2024, the same as the previous month. Of the 17 sold homes, 59% were sold under asking, 24% were sold at asking, and 18% were sold over asking.

Days on Market for Yancey County, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
115 Days89 Days-23.1%

Summary: Homes in Yancey County had an average of 89 days on market in Apr 2024, down by 23.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 17 homes were sold in Yancey County; 41% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 29% 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 10 Days Ago

Newest Listings in Yancey County, NC

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