$4,275 Closing Credit*
$360,000
1,512 SqFt
3 Beds
•3 Full Baths
Listing Office: GreyBeard Realty
Is Black Mountain Township, 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 Township was a Seller's Market.
Key Takeaway
Black Mountain Township 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 Township, NC
How much do homes in Black Mountain Township, NC cost?
Median Sold Price
$540,000
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,632(+6.6%)
Key Takeaway
Homes in Black Mountain Township have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Black Mountain Township was $540,000 in November 2024, up 6.6% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $381.5K | $265K | -30.5% |
| 2 Bedrooms | $395K | $419K | +6.1% |
| 3 Bedrooms | $492.5K | $494.6K | 0.4% |
| 4 Bedrooms | $755K | $870K | +15.2% |
| 5+ Bedrooms | $845K | $1.0M | +18.3% |
Summary: Black Mountain Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.5%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 18.3%.
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% |
| Old Fort Township | $296.2K | $296.7K | 0.2% |
Housing Supply in Black Mountain Township, NC
How many homes are available in Black Mountain Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 80 | +17.6% |
Summary: The Black Mountain Township real estate market had 80 homes for sale in November 2024, a 17.6% 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 | 32 | 37 | +15.6% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Black Mountain Township 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 15.6%, 4 bedroom homes increased by 25%, 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 Township, 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 Township 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 Township, NC
How long does it take to sell a home in Black Mountain Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 58 Days | +123.5% |
Summary: Homes in Black Mountain Township had an average of 58 days on market in Nov 2024, up by 123.5% 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Black Mountain Township; 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.