Is Sugar Mountain, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sugar Mountain is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Sugar Mountain was a Buyer's Market.

Key Takeaway

Sugar Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sugar Mountain, NC

How much do homes in Sugar Mountain, NC cost?

Median Sold Price

$250,000

$246/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$25,000(-9.1%)

Key Takeaway

Homes in Sugar Mountain have sold for 9.1% less than they did a month ago.

Summary: The median home sold price in Sugar Mountain was $250,000 in May 2024, down 9.1% from last month, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $275K$250K
-9.1%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Sugar Mountain housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Sugar Mountain, NC

How many homes are available in Sugar Mountain, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
11110.0%

Summary: The Sugar Mountain real estate market had 11 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 77
0.0%
3 22
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Sugar 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were 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 Sugar Mountain, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sugar Mountain in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sugar Mountain, NC

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

Average Sale Time

Apr 2024May 2024CHANGE
60 Days22 Days-62.5%

Summary: Homes in Sugar Mountain had an average of 22 days on market in May 2024, down by 62.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 2 homes were sold in Sugar Mountain; 50% of homes were sold within 30 days, 50% 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 1 Day Ago

Newest Listings in Sugar Mountain, NC

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