Listing Office: Keller Williams Professionals
Is Swannanoa Township, 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 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
$474,900
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,400(+8.5%)
Key Takeaway
Homes in Swannanoa Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Swannanoa Township was $474,900 in October 2024, up 8.5% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $808K | $386.8K | -52.1% |
| 2 Bedrooms | $383K | $377.5K | -1.4% |
| 3 Bedrooms | $440.5K | $477K | +8.3% |
| 4 Bedrooms | $710K | $652.5K | -8.1% |
| 5+ Bedrooms | $878.5K | $642K | -26.9% |
Summary: Swannanoa Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.1%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 26.9%.
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% |
| Asheville | $483.7K | $490.4K | +1.4% |
| Asheville Township | $495K | $499.9K | +1.0% |
Housing Supply in Swannanoa Township, NC
How many homes are available in Swannanoa Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 53 | -3.6% |
Summary: The Swannanoa Township real estate market had 53 homes for sale in October 2024, a 3.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 32 | 30 | -6.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Swannanoa Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swannanoa Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Swannanoa Township in October 2024, down by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 16 Days | -36.0% |
Summary: Homes in Swannanoa Township had an average of 16 days on market in Oct 2024, down by 36% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were 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 October 2024, 6 homes were sold in Swannanoa Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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