Is Transylvania 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, Transylvania County was a Seller's Market.
Housing Prices in Transylvania County, NC
How much do homes in Transylvania County, NC cost?
Median Sold Price
$485,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Transylvania County was $485,000 in May 2024, up 9.7% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $293.1K | $302.5K | +3.2% |
2 Bedrooms | $295K | $363.7K | +23.3% |
3 Bedrooms | $486.1K | $521.5K | +7.3% |
4 Bedrooms | $750K | $800K | +6.7% |
5+ Bedrooms | $592K | $1.0M | +80.6% |
Summary: Transylvania County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 80.6%.
Median Sold Price Compared To Nearby Counties
Transylvania County | $442.2K | $485K | +9.7% |
Henderson County | $420.7K | $450.7K | +7.1% |
Greenville County | $328.7K | $348.9K | +6.1% |
Jackson County | $344.9K | $359.5K | +4.2% |
Pickens County | $299.5K | $307.1K | +2.5% |
Housing Supply in Transylvania County, NC
How many homes are available in Transylvania County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
242 | 267 | +10.3% |
Summary: The Transylvania County real estate market had 267 homes for sale in May 2024, a 10.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 56 | 61 | +8.9% |
3 Bedrooms | 133 | 137 | +3.0% |
4 Bedrooms | 41 | 54 | +31.7% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Transylvania County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 36 | -33.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Transylvania County in May 2024, down by 33.3% month-over-month. Of the 36 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Transylvania County, NC
How long does it take to sell a home in Transylvania County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 39 Days | +44.8% |
Summary: Homes in Transylvania County had an average of 39 days on market in May 2024, up by 44.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Transylvania County; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.