Is Hiawassee Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hiawassee Township is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Hiawassee Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Hiawassee Township, NC

How much do homes in Hiawassee Township, NC cost?

Median Sold Price

$390,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$110,000(-22.0%)

Key Takeaway

Homes in Hiawassee Township have sold for 22% less than they did a year ago.

Summary: The median home sold price in Hiawassee Township was $390,000 in October 2024, down 22% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$288.5K
N/A
2 $277.5K$297.7K
+7.3%
3 $610K$592.2K
-2.9%
4 $1.1M$725K
-36.2%
5+ $984K-
N/A

Summary: Hiawassee Township 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 increased by 7.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 36.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hayesville Township
-2.7%
Shooting Creek Township
-16.6%
Hiawassee Township
-22.0%

Housing Supply in Hiawassee Township, NC

How many homes are available in Hiawassee Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2636+38.5%

Summary: The Hiawassee Township real estate market had 36 homes for sale in October 2024, a 38.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1218
+50.0%
4 911
+22.2%
5+ 02
+100.0%

Summary: The Hiawassee 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hiawassee Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Hiawassee Township in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Hiawassee Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
82 Days26 Days-67.7%

Summary: Homes in Hiawassee Township had an average of 26 days on market in Oct 2024, down by 67.7% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hiawassee Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Hiawassee Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Hiawassee Township, NC

Nearby Markets to Hiawassee Township, NC

What housing markets are near Hiawassee Township, NC?