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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tryon Township is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Tryon Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Tryon Township, NC

How much do homes in Tryon Township, NC cost?

Median Sold Price

$447,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$72,000(+19.2%)

Key Takeaway

Homes in Tryon Township have sold for 19.2% more than they did a year ago.

Summary: The median home sold price in Tryon Township was $447,000 in October 2024, up 19.2% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $380K$199.9K
-47.4%
2 $236K$336.5K
+42.6%
3 $401.4K$460.5K
+14.7%
4 $660K$652.5K
-1.1%
5+ $1.0M$1.2M
+12.1%

Summary: Tryon Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.4%, 2 bedroom homes increased by 42.6%, 3 bedroom homes increased by 14.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 12.1%.

Median Sold Price Compared To Nearby Cities

Tryon
+20.2%
Tryon Township
+19.2%
Landrum
+10.4%

Housing Supply in Tryon Township, NC

How many homes are available in Tryon Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5350-5.7%

Summary: The Tryon Township real estate market had 50 homes for sale in October 2024, a 5.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 138
-38.5%
3 2323
0.0%
4 1111
0.0%
5+ 56
+20.0%

Summary: The Tryon Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 38.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
175-70.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tryon Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Tryon Township in October 2024, down by 70.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Tryon Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days28 Days-7.3%

Summary: Homes in Tryon Township had an average of 28 days on market in Oct 2024, down by 7.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in Tryon Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Tryon Township, NC

Nearby Markets to Tryon Township, NC

What housing markets are near Tryon Township, NC?