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 November 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

$315,000

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$65,000(-17.1%)

Key Takeaway

Homes in Avery County have sold for 17.1% less than they did a year ago.

Summary: The median home sold price in Avery County was $315,000 in November 2024, down 17.1% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $173K$182.3K
+5.4%
2 $312K$260K
-16.7%
3 $440K$396.5K
-9.9%
4 $690.4K$670K
-3.0%
5+ -$14.0M
N/A

Summary: Avery County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Carter County
+10.4%
Johnson County
0.0%
Mitchell County
-2.8%
Avery County
-17.1%

Housing Supply in Avery County, NC

How many homes are available in Avery County, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7374+1.4%

Summary: The Avery County real estate market had 74 homes for sale in November 2024, a 1.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 77
0.0%
2 2227
+22.7%
3 2826
-7.1%
4 1111
0.0%
5+ 53
-40.0%

Summary: The Avery County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Avery County in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Nov 2023Nov 2024CHANGE
65 Days7 Days-88.5%

Summary: Homes in Avery County had an average of 7 days on market in Nov 2024, down by 88.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 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 November 2024, 2 homes were sold in Avery County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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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