Is Etowah, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Etowah has remained a Seller's Market.
Key Takeaway
Etowah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Etowah, NC
How much do homes in Etowah, NC cost?
Median Sold Price
$387,500
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Etowah have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Etowah was $387,500 in May 2024, down 4.6% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | $339K | $282K | -16.8% |
| 3 Bedrooms | $406K | $419K | +3.2% |
| 4 Bedrooms | $505K | $516.5K | +2.3% |
| 5+ Bedrooms | $677.5K | - | N/A |
Summary: Etowah housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.8%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Horse Shoe | $450.1K | $601.5K | +33.6% |
| Boyd Township | $342.5K | $400.1K | +16.8% |
| Mills River | $537.5K | $615K | +14.4% |
| Mills River Township | $445K | $473.6K | +6.4% |
| Etowah | $406K | $387.5K | -4.6% |
Housing Supply in Etowah, NC
How many homes are available in Etowah, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Summary: The Etowah real estate market had 29 homes for sale in May 2024, a 11.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Etowah 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 10 | +233.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Etowah, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Etowah in May 2024, up by 233.3% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Etowah, NC
How long does it take to sell a home in Etowah, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 86 Days | 16 Days | -80.5% |
Summary: Homes in Etowah had an average of 16 days on market in May 2024, down by 80.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Etowah are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Etowah; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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.