Is Transylvania County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Transylvania County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Transylvania County was a Seller's Market.

Key Takeaway

Transylvania County 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 Transylvania County, NC

How much do homes in Transylvania County, NC cost?

Median Sold Price

$495,000

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,750(+8.3%)

Key Takeaway

Homes in Transylvania County have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Transylvania County was $495,000 in October 2024, up 8.3% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $293.1K$260K
-11.3%
2 $317.7K$375K
+18.0%
3 $498.6K$513K
+2.9%
4 $628K$962K
+53.2%
5+ $592K$750K
+26.7%

Summary: Transylvania County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 53.2%, and 5+ bedroom homes increased by 26.7%.

Median Sold Price Compared To Nearby Counties

Pickens County
+8.9%
Transylvania County
+8.3%
Henderson County
+6.7%
Jackson County
+6.6%
Greenville County
+6.3%

Housing Supply in Transylvania County, NC

How many homes are available in Transylvania County, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
256262+2.3%

Summary: The Transylvania County real estate market had 262 homes for sale in October 2024, a 2.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 88
0.0%
2 6466
+3.1%
3 127131
+3.1%
4 4444
0.0%
5+ 1313
0.0%

Summary: The Transylvania County 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 3.1%, 3 bedroom homes increased by 3.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3339+18.2%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Transylvania County, you may be able to get a good deal. 64.1% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Transylvania County in October 2024, up by 18.2% month-over-month. Of the 39 sold homes, 64% were sold under asking, 23% were sold at asking, and 13% were sold over asking.

Days on Market for Transylvania County, NC

How long does it take to sell a home in Transylvania County, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days62 Days+56.3%

Summary: Homes in Transylvania County had an average of 62 days on market in Oct 2024, up by 56.3% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Transylvania County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 39 homes were sold in Transylvania County; 51% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Transylvania County, NC

Nearby Markets to Transylvania County, NC

What housing markets are near Transylvania County, NC?