Is Beech Mountain, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Beech Mountain has remained a Buyer's Market.
Housing Prices in Beech Mountain, NC
How much do homes in Beech Mountain, NC cost?
Median Sold Price
$317,450
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Beech Mountain was $317,450 in May 2024, down 40.7% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $178K | -1.1% |
2 Bedrooms | $263K | $210K | -20.2% |
3 Bedrooms | $602.3K | $517K | -14.2% |
4 Bedrooms | $720K | $762.5K | +5.9% |
5+ Bedrooms | $850K | - | N/A |
Summary: Beech Mountain housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes decreased by 20.2%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Beech Mountain Township | $249.5K | $277.2K | +11.1% |
Banner Elk Township | $300K | $305K | +1.7% |
Banner Elk | $475K | $334.9K | -29.5% |
Beech Mountain | $535K | $317.4K | -40.7% |
Housing Supply in Beech Mountain, NC
How many homes are available in Beech Mountain, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Summary: The Beech Mountain real estate market had 18 homes for sale in May 2024, a 28.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 2 | 4 | +100.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Beech Mountain housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Beech Mountain in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Beech Mountain, NC
How long does it take to sell a home in Beech Mountain, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 38 Days | +1420.0% |
Summary: Homes in Beech Mountain had an average of 38 days on market in May 2024, up by 1420% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Beech Mountain; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.