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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nantahala Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Nantahala Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Nantahala Township, NC

How much do homes in Nantahala Township, NC cost?

Median Sold Price

$105,000

-

Based on all homes sold in May 2024.

Difference Since Last Month

-$240,000(-69.6%)

Key Takeaway

Homes in Nantahala Township have sold for 69.6% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 $345K$105K
-69.6%
2 $245K-
N/A
3 --
N/A
4 $1.5M-
N/A
5+ --
N/A

Summary: Nantahala Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 69.6%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Almond
-1.9%
Nantahala Township
-69.6%

Housing Supply in Nantahala Township, NC

How many homes are available in Nantahala Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1514-6.7%

Summary: The Nantahala Township real estate market had 14 homes for sale in May 2024, a 6.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 67
+16.7%
3 33
0.0%
4 21
-50.0%
5+ 22
0.0%

Summary: The Nantahala Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nantahala Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Nantahala Township in May 2024, down by 66.7% 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 Nantahala Township, NC

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

Average Sale Time

Apr 2024May 2024CHANGE
27 Days122 Days+351.9%

Summary: Homes in Nantahala Township had an average of 122 days on market in May 2024, up by 351.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Nantahala Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 1 homes were sold in Nantahala Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 1 Day Ago

Newest Listings in Nantahala Township, NC

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