$4,275 Closing Credit*
$360,000
1,512 SqFt
3 Beds
•3 Full Baths
Listing Office: GreyBeard Realty
Is Black Mountain, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Black Mountain was a Seller's Market.
Key Takeaway
Black Mountain is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Black Mountain, NC
How much do homes in Black Mountain, NC cost?
Median Sold Price
$535,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,264(+5.4%)
Key Takeaway
Homes in Black Mountain have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Black Mountain was $535,000 in November 2024, up 5.4% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $381.5K | $415K | +8.8% |
| 2 Bedrooms | $395K | $412.5K | +4.4% |
| 3 Bedrooms | $495K | $494.6K | -0.1% |
| 4 Bedrooms | $755K | $875K | +15.9% |
| 5+ Bedrooms | $845K | $1.0M | +21.3% |
Summary: Black Mountain housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Cities
| Black Mountain Township | $506.3K | $540K | +6.6% |
| Black Mountain | $507.7K | $535K | +5.4% |
| Swannanoa | $405.5K | $424K | +4.6% |
Housing Supply in Black Mountain, NC
How many homes are available in Black Mountain, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 78 | +16.4% |
Summary: The Black Mountain real estate market had 78 homes for sale in November 2024, a 16.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 31 | 36 | +16.1% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Black Mountain housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Black Mountain, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Black Mountain in November 2024, up by 50.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Black Mountain, NC
How long does it take to sell a home in Black Mountain, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 58 Days | +114.5% |
Summary: Homes in Black Mountain had an average of 58 days on market in Nov 2024, up by 114.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Black Mountain are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Black Mountain; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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