$3,859 Closing Credit*
$325,000
790 SqFt
2 Beds
•1 Full Bath
Listing Office: Black Mountain Ins & 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 October 2023
At the same time last year, Black Mountain was a Seller's Market.
Key Takeaway
Black Mountain is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Black Mountain, NC
How much do homes in Black Mountain, NC cost?
Median Sold Price
$515,000
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,264(+1.4%)
Key Takeaway
Homes in Black Mountain have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Black Mountain was $515,000 in October 2024, up 1.4% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $381.5K | $415K | +8.8% |
| 2 Bedrooms | $395K | $402.5K | +1.9% |
| 3 Bedrooms | $497K | $484.4K | -2.5% |
| 4 Bedrooms | $695K | $935K | +34.5% |
| 5+ Bedrooms | $802.5K | $1.0M | +30.8% |
Summary: Black Mountain housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 34.5%, and 5+ bedroom homes increased by 30.8%.
Median Sold Price Compared To Nearby Cities
| Swannanoa | $400K | $440K | +10.0% |
| Black Mountain Township | $510K | $527.5K | +3.4% |
| Black Mountain | $507.7K | $515K | +1.4% |
Housing Supply in Black Mountain, NC
How many homes are available in Black Mountain, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 73 | -3.9% |
Summary: The Black Mountain real estate market had 73 homes for sale in October 2024, a 3.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 37 | 37 | 0.0% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Black Mountain housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Black Mountain in October 2024, down by 41.7% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 19 Days | -24.7% |
Summary: Homes in Black Mountain had an average of 19 days on market in Oct 2024, down by 24.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 October 2024, 7 homes were sold in Black Mountain; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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