Allen Tate/Beverly-Hanks Q2 2024 Market Report

YANCEY & MITCHELL COUNTIES SALES BY PROPERTY TYPE

SINGLE-FAMILY RESIDENCE 75 2023: 79

CONDO/ TOWNHOUSE 10 2023: 10

LOTS (0–10 ACRES) 28 2023: 7

ACREAGE (10+ ACRES)

2023: 3 13

Not all transactions in Yancey and Mitchell Counties may be entered into Canopy MLS.

HOMES SOLD

HOMES FOR SALE

Year Over Year +13%

3

$0-99,999

10 28 14

$100,000-199,999

$200,000-299,999

$300,000-399,999

9 8 5 3 2 1

$400,000-499,999

2

$0-99,999

$500,000-599,999

11

$100,000-199,999

$600,000-699,999

26

$200,000-299,999

$700,000-799,999

24

$300,000-399,999

$800,000-899,999

24

$400,000-499,999

$900,000-999,999

22

$500,000-599,999

2 TOTAL: 85

$1,000,000+

18

$600,000-699,999

12

$700,000-799,999

MEDIAN SALES PRICE $ 301,000

8

$800,000-899,999

6

$900,000-999,999

27 TOTAL: 180

$1,000,000+

SALES PACE

92

Days on Market

11 55

23

Homes Sold per Month

2014

2019

2024

LOTS

ACREAGE

q p q p

p

Parcels Sold

28

Parcels Sold

13

q q q q

Avg Sales Price (Per Lot) Days on Market (closed) Days on Market (active)

$60,489

Avg Sales Price (Per Acre) Days on Market (closed) Days on Market (active)

$7,420

148 398

148 242

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Months of inventory

26

Months of inventory

15

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