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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avery County is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Avery County, NC

How much do homes in Avery County, NC cost?

Median Sold Price

$300,000

$278/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$85,000(-22.1%)

Key Takeaway

Homes in Avery County have sold for 22.1% less than they did a year ago.

Summary: The median home sold price in Avery County was $300,000 in October 2024, down 22.1% from last year, and the median price per square foot was $278.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $192K$172.7K
-10.0%
2 $319.5K$260K
-18.6%
3 $438.9K$405K
-7.7%
4 $681.9K$725K
+6.3%
5+ -$7.6M
N/A

Summary: Avery County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Carter County
+10.3%
Johnson County
+3.1%
Mitchell County
-10.7%
Avery County
-22.1%

Housing Supply in Avery County, NC

How many homes are available in Avery County, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7379+8.2%

Summary: The Avery County real estate market had 79 homes for sale in October 2024, a 8.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 87
-12.5%
2 1924
+26.3%
3 2730
+11.1%
4 1312
-7.7%
5+ 66
0.0%

Summary: The Avery County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
660.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avery County, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Avery County in October 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Avery County, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days136 Days+516.9%

Summary: Homes in Avery County had an average of 136 days on market in Oct 2024, up by 516.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Avery County; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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 20 Days Ago

Newest Listings in Avery County, NC

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What housing markets are near Avery County, NC?