Is Tryon, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tryon is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Tryon was a Neutral Market.

Key Takeaway

Tryon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Tryon, NC

How much do homes in Tryon, NC cost?

Median Sold Price

$449,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$66,500(+17.4%)

Key Takeaway

Homes in Tryon have sold for 17.4% more than they did a year ago.

Summary: The median home sold price in Tryon was $449,000 in November 2024, up 17.4% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $380K$201.9K
-46.9%
2 $236K$336.5K
+42.6%
3 $406K$462.5K
+13.9%
4 $660K$652.5K
-1.1%
5+ $545K$1.4M
+166.1%

Summary: Tryon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.9%, 2 bedroom homes increased by 42.6%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 166.1%.

Median Sold Price Compared To Nearby Cities

Tryon Township
+17.6%
Tryon
+17.4%
Landrum
+14.3%

Housing Supply in Tryon, NC

How many homes are available in Tryon, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5051+2.0%

Summary: The Tryon real estate market had 51 homes for sale in November 2024, a 2.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 89
+12.5%
3 2322
-4.3%
4 1112
+9.1%
5+ 66
0.0%

Summary: The Tryon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tryon, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Tryon in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Tryon, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
54 Days52 Days-3.2%

Summary: Homes in Tryon had an average of 52 days on market in Nov 2024, down by 3.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Tryon; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 21 Days Ago

Newest Listings in Tryon, NC

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