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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Yancey County is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Yancey County, NC

How much do homes in Yancey County, NC cost?

Median Sold Price

$370,000

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,000(+10.4%)

Key Takeaway

Homes in Yancey County have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Yancey County was $370,000 in November 2024, up 10.4% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $222.5K$199.9K
-10.2%
2 $300K$312K
+4.0%
3 $375K$435K
+16.0%
4 $650K$463.2K
-28.7%
5+ $690K$2.2M
+230.8%

Summary: Yancey County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 28.7%, and 5+ bedroom homes increased by 230.8%.

Median Sold Price Compared To Nearby Counties

Yancey County
+10.4%
McDowell County
+4.8%
Unicoi County
+4.5%
Madison County
-2.0%
Mitchell County
-2.8%

Housing Supply in Yancey County, NC

How many homes are available in Yancey County, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
93102+9.7%

Summary: The Yancey County real estate market had 102 homes for sale in November 2024, a 9.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 2835
+25.0%
3 4950
+2.0%
4 1215
+25.0%
5+ 32
-33.3%

Summary: The Yancey County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

4 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 Yancey County, 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 Yancey County in November 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Yancey County, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
66 Days107 Days+62.1%

Summary: Homes in Yancey County had an average of 107 days on market in Nov 2024, up by 62.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Yancey County has remained consistent over time.

Summary: During November 2024, 5 homes were sold in Yancey County; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 Yancey County, NC

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