Is Saluda Township, 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, Saluda Township was a Seller's Market.
Key Takeaway
Saluda Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Saluda Township, NC
How much do homes in Saluda Township, NC cost?
Median Sold Price
$434,500
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Saluda Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Saluda Township was $434,500 in May 2024, up 3.8% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $279.5K | +74.7% |
| 2 Bedrooms | $375K | $365K | -2.7% |
| 3 Bedrooms | $454K | $550K | +21.1% |
| 4 Bedrooms | $497.5K | $804K | +61.6% |
| 5+ Bedrooms | - | $875K | N/A |
Summary: Saluda Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.7%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 61.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Saluda | $390K | $434.5K | +11.4% |
| Tryon Township | $370K | $399K | +7.8% |
| Saluda Township | $418.5K | $434.5K | +3.8% |
| Blue Ridge Township | $436.5K | $433.3K | -0.7% |
| Mill Spring | $496.5K | $469K | -5.5% |
Housing Supply in Saluda Township, NC
How many homes are available in Saluda Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 30 | +25.0% |
Summary: The Saluda Township real estate market had 30 homes for sale in May 2024, a 25.0% 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 | 5 | -37.5% |
| 3 Bedrooms | 10 | 19 | +90.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Saluda 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 37.5%, 3 bedroom homes increased by 90%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saluda Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Saluda Township in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Saluda Township, NC
How long does it take to sell a home in Saluda Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 61 Days | 69 Days | +12.3% |
Summary: Homes in Saluda Township had an average of 69 days on market in May 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saluda Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Saluda Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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