Is Sylva Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sylva Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Sylva Township has remained a Seller's Market.

Key Takeaway

Sylva Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sylva Township, NC

How much do homes in Sylva Township, NC cost?

Median Sold Price

$355,000

$217/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$19,500(+5.8%)

Key Takeaway

Homes in Sylva Township have sold for 5.8% more than they did a month ago.

Summary: The median home sold price in Sylva Township was $355,000 in May 2024, up 5.8% from last month, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 -$212.5K
N/A
2 $265K$300K
+13.2%
3 $350K$377K
+7.7%
4 -$414.5K
N/A
5+ --
N/A

Summary: Sylva Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sylva Township
+5.8%
Sylva
+5.8%

Housing Supply in Sylva Township, NC

How many homes are available in Sylva Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6657-13.6%

Summary: The Sylva Township real estate market had 57 homes for sale in May 2024, a 13.6% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 33
0.0%
2 2114
-33.3%
3 3025
-16.7%
4 911
+22.2%
5+ 34
+33.3%

Summary: The Sylva Township 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 decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1611-31.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sylva Township, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Sylva Township in May 2024, down by 31.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.

Days on Market for Sylva Township, NC

How long does it take to sell a home in Sylva Township, NC?

Average Sale Time

Apr 2024May 2024CHANGE
52 Days15 Days-71.3%

Summary: Homes in Sylva Township had an average of 15 days on market in May 2024, down by 71.3% compared to last month.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 11 homes were sold in Sylva Township; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% 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 9 Days Ago

Newest Listings in Sylva Township, NC

Nearby Markets to Sylva Township, NC

What housing markets are near Sylva Township, NC?