Is Yancey County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Yancey County is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Yancey County was a Seller's Market.

Key Takeaway

Yancey County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$20,000(+6.1%)

Key Takeaway

Homes in Yancey County have sold for 6.1% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $130K$218.5K
+68.1%
2 $260K$317K
+21.9%
3 $371.5K$365K
-1.7%
4 $445K$650K
+46.1%
5+ $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
+16.0%
Unicoi County
+12.9%
McDowell County
+7.7%
Madison County
+6.3%
Yancey County
+6.1%

Housing Supply in Yancey County, NC

How many homes are available in Yancey County, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
106123+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

# BEDSApr 2024May 2024CHANGE
1 44
0.0%
2 3439
+14.7%
3 5159
+15.7%
4 1317
+30.8%
5+ 44
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 2024May 2024CHANGE
1814-22.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Yancey County, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

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 2023May 2024CHANGE
50 Days28 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Yancey County, NC

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