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 November 2023

At the same time last year, Hiawassee Township was a Seller's 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

$380,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$202,500(-34.8%)

Key Takeaway

Homes in Hiawassee Township have sold for 34.8% less than they did a year ago.

Summary: The median home sold price in Hiawassee Township was $380,000 in November 2024, down 34.8% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$288.5K
N/A
2 $400K$293.8K
-26.5%
3 $610K$497.2K
-18.5%
4 $1.1M$725K
-36.2%
5+ $984K-
N/A

Summary: Hiawassee Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.5%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes decreased by 36.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hayesville Township
-8.4%
Hiawassee Township
-34.8%

Housing Supply in Hiawassee Township, NC

How many homes are available in Hiawassee Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3332-3.0%

Summary: The Hiawassee Township real estate market had 32 homes for sale in November 2024, a 3.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 1516
+6.7%
4 1110
-9.1%
5+ 22
0.0%

Summary: The Hiawassee Township 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 decreased by 20%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 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 November 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?

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 November 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 17 Days Ago

Newest Listings in Hiawassee Township, NC

Nearby Markets to Hiawassee Township, NC

What housing markets are near Hiawassee Township, NC?