$2,957 Closing Credit*
$249,000
1,780 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Fathom Realty
Is Swannanoa, 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, Swannanoa was a Seller's Market.
Key Takeaway
Swannanoa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Swannanoa, NC
How much do homes in Swannanoa, NC cost?
Median Sold Price
$424,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,500(+4.6%)
Key Takeaway
Homes in Swannanoa have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Swannanoa was $424,000 in November 2024, up 4.6% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $240K | -20.0% |
| 2 Bedrooms | $360.5K | $370K | +2.6% |
| 3 Bedrooms | $403K | $427.5K | +6.1% |
| 4 Bedrooms | $865K | $610K | -29.5% |
| 5+ Bedrooms | $845K | $699K | -17.3% |
Summary: Swannanoa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 29.5%, and 5+ bedroom homes decreased by 17.3%.
Median Sold Price Compared To Nearby Cities
| Fairview Township | $560K | $600K | +7.1% |
| Black Mountain Township | $506.3K | $540K | +6.6% |
| Black Mountain | $507.7K | $535K | +5.4% |
| Swannanoa | $405.5K | $424K | +4.6% |
| Swannanoa Township | $451.7K | $459.5K | +1.7% |
Housing Supply in Swannanoa, NC
How many homes are available in Swannanoa, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Summary: The Swannanoa real estate market had 32 homes for sale in November 2024, a 3.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Swannanoa 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 14.3%, 3 bedroom homes increased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swannanoa, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Swannanoa in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 21 Days | +36.1% |
Summary: Homes in Swannanoa had an average of 21 days on market in Nov 2024, up by 36.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were 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 November 2024, 2 homes were sold in Swannanoa; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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