Is Tryon, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tryon is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Tryon has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Tryon, NC

How much do homes in Tryon, NC cost?

Median Sold Price

$397,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$31,250(+8.5%)

Key Takeaway

Homes in Tryon have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Tryon was $397,000 in May 2024, up 8.5% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $167.5K$310.2K
+85.2%
2 $223.7K$255K
+14.0%
3 $405K$440K
+8.6%
4 $821.6K$665K
-19.1%
5+ $1.1M$1.0M
-4.6%

Summary: Tryon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.2%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 19.1%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Cities

Landrum
+22.9%
Tryon
+8.5%
Tryon Township
+7.8%

Housing Supply in Tryon, NC

How many homes are available in Tryon, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5560+9.1%

Summary: The Tryon real estate market had 60 homes for sale in May 2024, a 9.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1419
+35.7%
3 2626
0.0%
4 1213
+8.3%
5+ 32
-33.3%

Summary: The Tryon 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 35.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
714+100.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tryon, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Tryon in May 2024, up by 100.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.

Days on Market for Tryon, NC

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

Average Sale Time

May 2023May 2024CHANGE
12 Days130 Days+961.9%

Summary: Homes in Tryon had an average of 130 days on market in May 2024, up by 961.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 14 homes were sold in Tryon; 50% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 36% 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 1 Day Ago

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