Is McDowell County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McDowell County is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, McDowell County was a Neutral Market.

Key Takeaway

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

Housing Prices in McDowell County, NC

How much do homes in McDowell County, NC cost?

Median Sold Price

$299,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,750(+4.8%)

Key Takeaway

Homes in McDowell County have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in McDowell County was $299,000 in November 2024, up 4.8% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $177.5K$206.2K
+16.2%
2 $245.4K$210K
-14.4%
3 $290K$324K
+11.7%
4 $376.5K$450K
+19.5%
5+ $431.2K$405K
-6.1%

Summary: McDowell County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes decreased by 14.4%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes decreased by 6.1%.

Median Sold Price Compared To Nearby Counties

Yancey County
+10.4%
Rutherford County
+8.6%
McDowell County
+4.8%
Burke County
+4.7%
Mitchell County
-2.8%

Housing Supply in McDowell County, NC

How many homes are available in McDowell County, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
195199+2.1%

Summary: The McDowell County real estate market had 199 homes for sale in November 2024, a 2.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 3536
+2.9%
3 124124
0.0%
4 2126
+23.8%
5+ 1210
-16.7%

Summary: The McDowell County 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 2.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2517-32.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McDowell County, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in McDowell County in November 2024, down by 32.0% month-over-month. Of the 17 sold homes, 76% were sold under asking, 12% were sold at asking, and 12% were sold over asking.

Days on Market for McDowell County, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
55 Days33 Days-40.5%

Summary: Homes in McDowell County had an average of 33 days on market in Nov 2024, down by 40.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 17 homes were sold in McDowell County; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% 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 20 Days Ago

Newest Listings in McDowell County, NC

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