$175,000
Land
Listing Office: Gardner Group Realty
Is Chimney Rock Township, 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, Chimney Rock Township was a Seller's Market.
Key Takeaway
Chimney Rock Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chimney Rock Township, NC
How much do homes in Chimney Rock Township, NC cost?
Median Sold Price
$540,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$100,000(+22.7%)
Key Takeaway
Homes in Chimney Rock Township have sold for 22.7% more than they did a year ago.
Summary: The median home sold price in Chimney Rock Township was $540,000 in October 2024, up 22.7% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147K | $150K | +2.0% |
| 2 Bedrooms | $380K | $408.5K | +7.5% |
| 3 Bedrooms | $548.6K | $565K | +3.0% |
| 4 Bedrooms | $982.5K | $965K | -1.8% |
| 5+ Bedrooms | - | $1.4M | N/A |
Summary: Chimney Rock Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cooper Gap Township | $469K | $645.7K | +37.7% |
| Chimney Rock Township | $440K | $540K | +22.7% |
| Lake Lure | $440K | $515K | +17.0% |
Housing Supply in Chimney Rock Township, NC
How many homes are available in Chimney Rock Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 111 | -0.9% |
Summary: The Chimney Rock Township real estate market had 111 homes for sale in October 2024, a 0.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 49 | 49 | 0.0% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Chimney Rock Township 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 decreased by 3.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 1 | -90.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chimney Rock Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Chimney Rock Township in October 2024, down by 90.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Chimney Rock Township, NC
How long does it take to sell a home in Chimney Rock Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 110 Days | +62.7% |
Summary: Homes in Chimney Rock Township had an average of 110 days on market in Oct 2024, up by 62.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Chimney Rock Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Chimney Rock Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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