$5,200,000
5,345 SqFt
5 Beds
•5 Full Baths, 2 Partial
Listing Office: BMP David Southworth Real Estate Sales, LLC
Is Sylva 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, Sylva Township was a Buyer's Market.
Key Takeaway
Sylva Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sylva Township, NC
How much do homes in Sylva Township, 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 Township have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Sylva Township 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 | $312K | $330K | +5.8% |
| 3 Bedrooms | $300K | $350K | +16.7% |
| 4 Bedrooms | $595K | $515K | -13.4% |
| 5+ Bedrooms | $850.7K | - | N/A |
Summary: Sylva Township 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 5.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sylva Township | $320K | $350K | +9.4% |
| Sylva | $320K | $350K | +9.4% |
| Cullowhee Township | $475K | $397.5K | -16.3% |
Housing Supply in Sylva Township, NC
How many homes are available in Sylva Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 52 | +6.1% |
Summary: The Sylva Township 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 Township 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 Township, 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 Township 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 Township, NC
How long does it take to sell a home in Sylva Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 36 Days | +139.3% |
Summary: Homes in Sylva Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Sylva Township; 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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