Is Boone, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boone is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Boone has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Boone, NC

How much do homes in Boone, NC cost?

Median Sold Price

$602,500

$275/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$53,200(-8.1%)

Key Takeaway

Homes in Boone have sold for 8.1% less than they did a month ago.

Summary: The median home sold price in Boone was $602,500 in November 2024, down 8.1% from last month, and the median price per square foot was $275.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $655.7K$775K
+18.2%
4 -$430K
N/A
5+ --
N/A

Summary: Boone housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 18.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Boone, NC

How many homes are available in Boone, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2328+21.7%

Summary: The Boone real estate market had 28 homes for sale in November 2024, a 21.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 69
+50.0%
3 98
-11.1%
4 67
+16.7%
5+ 24
+100.0%

Summary: The Boone 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 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boone, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Boone in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Boone, NC

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

Average Sale Time

Oct 2024Nov 2024CHANGE
13 Days74 Days+469.2%

Summary: Homes in Boone had an average of 74 days on market in Nov 2024, up by 469.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Boone has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Boone; 0% of homes were sold within 30 days, 100% 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 17 Days Ago

Newest Listings in Boone, NC

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