black mountain DETACHED - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 12.4 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 15% VS 2023
▲ 11% VS 2023
▲ 34% VS 2023
▲ 40% VS 2023
There were 87 detached listings in Black Mountain in September, 2% below August and 34% higher than September 2023. September detached home sales increased by 17% month-over-month, to 7, and were 40% above September 2023. The months of inventory for detached in Black Mountain, at 12.4, re(ected a buyers' market. The detached median price in September was $1,180,000, a 11% decrease from August and 11% above September 2023. The average sold price was $1,195,714, 11% below last month and up 15% to September 2023.
THIS MONTH No. $1,195,714 $1,180,000 12.4 7 87
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,037,500 $1,062,500 13.0 5 65
15% 11% -4% 40% 34%
$1,342,500 $1,320,000 14.8 6 89
-11% -11% -16% 17% -2%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
84
61
87
89
72
56
78
66
65
60
65
63
60
56
54
10
10
9
8
7
28
6
5
4
4
4
2
7
5
$1.32M
$1.25M
$1.21M
$1.19M
$1.18M
$1.13M
$1.09M
$1.06M
$1.02M $1.01M
$935K
$890K
$819K
Sep-23
Aug-24
Sep-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
30
18.0
25
14.0
20
15
10
3.3
5
2.0
0
N/A
<$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
1 2 2.0
0 11 n/a
3 10 3.3
2 28 14.0
1 18 18.0
0 9 n/a
0 4 n/a
0 1 n/a
0 4 n/a
Copyright © 2024 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 October 9, 2024. 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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