black mountain DETACHED - FEBRUARY 2 0 2 5
MONTHS OF INVENTORY 4.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 24% VS 2024
▲ 13% VS 2024
▲ 3% VS 2024
▲ 44% VS 2024
There were 62 detached listings in Black Mountain in February, 6% below January and 3% higher than February 2024. February detached home sales increased by 160% month-over-month, to 13, and were 44% above February 2024.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for detached in Black Mountain, at 4.8, reflected a sellers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
13 62
$1,045,111 $1,020,000 6.7 9 60
24% 13% -28% 44% 3%
$1,025,000 $960,000 13.2 5 66
27% 20% -64% 160% -6%
The detached median price in February was $1,150,000, a 20% increase from January and 13% above February 2024. The average sold price was $1,299,597, 27% above last month and up 24% to February 2024.
$1,299,597 $1,150,000 4.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
84
125
90
88
119
74
72
78
77
66
65
62
60
63
60
71
10
10
8
8
13
7
7
5
5
5
4
4
9
$1.50M
$1.38M
$1.21M
$1.18M $1.12M
$1.16M
$1.15M
$1.13M
$1.09M
$1.02M $1.01M
$960K
$890K
Feb-24
Jan-25
Feb-25
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
18.0
20
15
10.5
10
5.0
5
1.8
1.7
0.5
0
<$600K
$600K-799K
$800K-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3.0M+
MOI INVENTORY SALES
2 1 0.5
1 5 5.0
4 7 1.8
2 21 10.5
1 18 18.0
3 5 1.7
0 3 n/a
0 2 n/a
Copyright © 2025 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 10, 2025. All data from Association of Interior Realtors & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 19 ●
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