Is Yancey 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, Yancey County was a Seller's Market.
Housing Prices in Yancey County, NC
How much do homes in Yancey County, NC cost?
Median Sold Price
$350,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Yancey County was $350,000 in May 2024, up 6.1% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $218.5K | +68.1% |
2 Bedrooms | $260K | $317K | +21.9% |
3 Bedrooms | $371.5K | $365K | -1.7% |
4 Bedrooms | $445K | $650K | +46.1% |
5+ Bedrooms | $1.5M | $690K | -54.4% |
Summary: Yancey County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.1%, 2 bedroom homes increased by 21.9%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 46.1%, and 5+ bedroom homes decreased by 54.4%.
Median Sold Price Compared To Nearby Counties
Mitchell County | $241.4K | $280K | +16.0% |
Unicoi County | $223K | $251.7K | +12.9% |
McDowell County | $277.8K | $299.3K | +7.7% |
Madison County | $400K | $425K | +6.3% |
Yancey County | $330K | $350K | +6.1% |
Housing Supply in Yancey County, NC
How many homes are available in Yancey County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
106 | 123 | +16.0% |
Summary: The Yancey County real estate market had 123 homes for sale in May 2024, a 16.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 34 | 39 | +14.7% |
3 Bedrooms | 51 | 59 | +15.7% |
4 Bedrooms | 13 | 17 | +30.8% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Yancey 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 increased by 14.7%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 14 | -22.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Yancey County in May 2024, down by 22.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 7% were sold at asking, and 29% were sold over asking.
Days on Market for Yancey County, NC
How long does it take to sell a home in Yancey County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 28 Days | -43.4% |
Summary: Homes in Yancey County had an average of 28 days on market in May 2024, down by 43.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Yancey County; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.