$3,859 Closing Credit*
$325,000
1,474 SqFt
3 Beds
•2 Full Baths, 2 Partial
Listing Office: Sundog Realty, Inc.
Is Sylva, 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, Sylva was a Seller's Market.
Key Takeaway
Sylva 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 Sylva, NC
How much do homes in Sylva, NC cost?
Median Sold Price
$350,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+9.4%)
Key Takeaway
Homes in Sylva have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Sylva was $350,000 in October 2024, up 9.4% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $302.5K | +195.1% |
| 2 Bedrooms | $320K | $325K | +1.6% |
| 3 Bedrooms | $290K | $350K | +20.7% |
| 4 Bedrooms | $595K | $515K | -13.4% |
| 5+ Bedrooms | $850.7K | - | N/A |
Summary: Sylva housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 195.1%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 20.7%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sylva Township | $317.5K | $350K | +10.2% |
| Sylva | $320K | $350K | +9.4% |
Housing Supply in Sylva, NC
How many homes are available in Sylva, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 53 | -5.4% |
Summary: The Sylva real estate market had 53 homes for sale in October 2024, a 5.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 26 | 22 | -15.4% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Sylva 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 increased by 7.1%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
6 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 Sylva, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Sylva in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Sylva, NC
How long does it take to sell a home in Sylva, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 42 Days | +89.0% |
Summary: Homes in Sylva had an average of 42 days on market in Oct 2024, up by 89% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sylva has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Sylva; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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