$2,494 Closing Credit*
$210,000
556 SqFt
1 Bed
•1 Full Bath
Listing Office: Keller Williams High Country
Is Mitchell County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mitchell County was a Seller's Market.
Key Takeaway
Mitchell County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mitchell County, NC
How much do homes in Mitchell County, NC cost?
Median Sold Price
$260,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,500(-2.8%)
Key Takeaway
Homes in Mitchell County have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Mitchell County was $260,000 in November 2024, down 2.8% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.5K | $246.2K | +54.4% |
| 2 Bedrooms | $215K | $235K | +9.3% |
| 3 Bedrooms | $267.5K | $265K | -0.9% |
| 4 Bedrooms | $355K | $353.9K | -0.3% |
| 5+ Bedrooms | $579.2K | $437K | -24.6% |
Summary: Mitchell County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.4%, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 24.6%.
Median Sold Price Compared To Nearby Counties
| Yancey County | $335K | $370K | +10.4% |
| McDowell County | $285.2K | $299K | +4.8% |
| Unicoi County | $235K | $245.5K | +4.5% |
| Mitchell County | $267.5K | $260K | -2.8% |
| Avery County | $380K | $315K | -17.1% |
Housing Supply in Mitchell County, NC
How many homes are available in Mitchell County, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 76 | 0.0% |
Summary: The Mitchell County real estate market had 76 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 23 | 20 | -13.0% |
| 3 Bedrooms | 33 | 37 | +12.1% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Mitchell 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 decreased by 13%, 3 bedroom homes increased by 12.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mitchell County, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Mitchell County in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Mitchell County, NC
How long does it take to sell a home in Mitchell County, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 81 Days | 36 Days | -55.9% |
Summary: Homes in Mitchell County had an average of 36 days on market in Nov 2024, down by 55.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mitchell County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Mitchell County; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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