$5,200,000
5,345 SqFt
5 Beds
•5 Full Baths, 2 Partial
Listing Office: BMP David Southworth Real Estate Sales, LLC
Is Sylva, 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, Sylva was a Buyer's Market.
Key Takeaway
Sylva is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sylva, NC
How much do homes in Sylva, NC cost?
Median Sold Price
$350,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 9.4% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $280K | +173.2% |
| 2 Bedrooms | $316K | $330K | +4.4% |
| 3 Bedrooms | $295K | $350K | +18.6% |
| 4 Bedrooms | $595K | $515K | -13.4% |
| 5+ Bedrooms | $850.7K | - | N/A |
Summary: Sylva housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 173.2%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 18.6%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sylva | $320K | $350K | +9.4% |
| Sylva Township | $320K | $350K | +9.4% |
Housing Supply in Sylva, NC
How many homes are available in Sylva, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 52 | +6.1% |
Summary: The Sylva real estate market had 52 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Sylva housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sylva, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Sylva in November 2024, the same as the previous month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 36 Days | +139.3% |
Summary: Homes in Sylva had an average of 36 days on market in Nov 2024, up by 139.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sylva are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Sylva; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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