Is Macon County, 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, Macon County was a Seller's Market.
Housing Prices in Macon County, NC
How much do homes in Macon County, NC cost?
Median Sold Price
$425,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Macon County was $425,000 in May 2024, up 26.8% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $134.5K | -31.0% |
2 Bedrooms | $262.2K | $277K | +5.6% |
3 Bedrooms | $342.9K | $425K | +23.9% |
4 Bedrooms | $625K | $549.9K | -12.0% |
5+ Bedrooms | $680.9K | - | N/A |
Summary: Macon County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 23.9%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Macon County | $335.2K | $425K | +26.8% |
Clay County | $358.3K | $415K | +15.8% |
Rabun County | $385K | $401.6K | +4.3% |
Jackson County | $344.9K | $359.5K | +4.2% |
Swain County | $385K | $394.9K | +2.6% |
Housing Supply in Macon County, NC
How many homes are available in Macon County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 52 | +10.6% |
Summary: The Macon County real estate market had 52 homes for sale in May 2024, a 10.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 23 | 28 | +21.7% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Macon County 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 7.7%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 5 | -61.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Macon County in May 2024, down by 61.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Macon County, NC
How long does it take to sell a home in Macon County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
65 Days | 94 Days | +45.5% |
Summary: Homes in Macon County had an average of 94 days on market in May 2024, up by 45.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Macon County; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.