Listing Office: Keller Williams Professionals
Is Swannanoa, 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, Swannanoa was a Seller's Market.
Key Takeaway
Swannanoa is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Swannanoa, NC
How much do homes in Swannanoa, NC cost?
Median Sold Price
$440,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+10.0%)
Key Takeaway
Homes in Swannanoa have sold for 10% more than they did a year ago.
Summary: The median home sold price in Swannanoa was $440,000 in October 2024, up 10% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287.5K | $395K | +37.4% |
| 2 Bedrooms | $383K | $362.5K | -5.4% |
| 3 Bedrooms | $400K | $440K | +10.0% |
| 4 Bedrooms | $759.7K | $690K | -9.2% |
| 5+ Bedrooms | $490K | $699K | +42.7% |
Summary: Swannanoa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.4%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 42.7%.
Median Sold Price Compared To Nearby Cities
| Swannanoa | $400K | $440K | +10.0% |
| Swannanoa Township | $437.5K | $474.9K | +8.5% |
| Fairview Township | $559.2K | $599.5K | +7.2% |
| Black Mountain Township | $510K | $527.5K | +3.4% |
| Black Mountain | $507.7K | $515K | +1.4% |
Housing Supply in Swannanoa, NC
How many homes are available in Swannanoa, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Swannanoa real estate market had 28 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Swannanoa 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 decreased by 14.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Swannanoa, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Swannanoa in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Swannanoa, NC
How long does it take to sell a home in Swannanoa, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 15 Days | +20.0% |
Summary: Homes in Swannanoa had an average of 15 days on market in Oct 2024, up by 20% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Swannanoa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Swannanoa; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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