$275,000
Land
Listing Office: Town and Mountain Realty
Is Swannanoa Township, 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 Township was a Seller's Market.
Key Takeaway
Swannanoa Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Swannanoa Township, NC
How much do homes in Swannanoa Township, NC cost?
Median Sold Price
$459,500
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,750(+1.7%)
Key Takeaway
Homes in Swannanoa Township have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Swannanoa Township was $459,500 in November 2024, up 1.7% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $670K | $386.8K | -42.3% |
| 2 Bedrooms | $373K | $380K | +1.9% |
| 3 Bedrooms | $450.2K | $474.9K | +5.5% |
| 4 Bedrooms | $730K | $612.5K | -16.1% |
| 5+ Bedrooms | $887K | $642K | -27.6% |
Summary: Swannanoa Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.3%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 27.6%.
Median Sold Price Compared To Nearby Cities
| Fairview Township | $560K | $600K | +7.1% |
| Swannanoa | $405.5K | $424K | +4.6% |
| Swannanoa Township | $451.7K | $459.5K | +1.7% |
| Asheville Township | $498.5K | $500.4K | 0.4% |
| Asheville | $487.6K | $489.4K | 0.4% |
Housing Supply in Swannanoa Township, NC
How many homes are available in Swannanoa Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 | 64 | +8.5% |
Summary: The Swannanoa Township real estate market had 64 homes for sale in November 2024, a 8.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 34 | 39 | +14.7% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Swannanoa 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 increased by 8.3%, 3 bedroom homes increased by 14.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Swannanoa Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Swannanoa Township in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Swannanoa Township, NC
How long does it take to sell a home in Swannanoa Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 16 Days | -56.4% |
Summary: Homes in Swannanoa Township had an average of 16 days on market in Nov 2024, down by 56.4% compared to last year.
Breakdown of Home Sale Times
6 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Swannanoa Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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