$2,838 Closing Credit*
$239,000
1,080 SqFt
2 Beds
•1 Full Bath
Listing Office: Sundog Realty, Inc.
Is Cullowhee, 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, Cullowhee was a Neutral Market.
Key Takeaway
Cullowhee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cullowhee, NC
How much do homes in Cullowhee, NC cost?
Median Sold Price
$390,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$24,500(-5.9%)
Key Takeaway
Homes in Cullowhee have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in Cullowhee was $390,000 in October 2024, down 5.9% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225.5K | N/A |
| 2 Bedrooms | $360K | $252.5K | -29.9% |
| 3 Bedrooms | $415K | $426.5K | +2.8% |
| 4 Bedrooms | $559K | $417K | -25.4% |
| 5+ Bedrooms | $851K | - | N/A |
Summary: Cullowhee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 25.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cullowhee | $414.5K | $390K | -5.9% |
| Cullowhee Township | $415K | $390K | -6.0% |
| River Township | $516.5K | $435K | -15.8% |
Housing Supply in Cullowhee, NC
How many homes are available in Cullowhee, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Summary: The Cullowhee real estate market had 15 homes for sale in October 2024, a 25.0% increase 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Cullowhee 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 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 Cullowhee, 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 Cullowhee in October 2024, up by 100.0% month-over-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 Cullowhee, NC
How long does it take to sell a home in Cullowhee, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 90 Days | 20 Days | -77.9% |
Summary: Homes in Cullowhee had an average of 20 days on market in Oct 2024, down by 77.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cullowhee are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Cullowhee; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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