Mcdowell County, NC Home Values & Market Trends

The median home price in Mcdowell County, NC is $215,852.75. There were 358 home sales in Mcdowell County, NC over the past 12 months. The median residential Mcdowell County, NC home value for transactions over the previous year is $135,500. The number of current listings in Mcdowell County, NC is 24, and the percentage of properties for sale is 24.00%. The county has 6 foreclosures, 3 bank owned properties, 2 headed for auction, and 24 properties for sale.

Mcdowell County, NC Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Marion

$ 309,000

$ 175/sqft

Old Fort

$ 213,385

$ 252/sqft

Nebo

$ 901,660

$ 319/sqft

Little Switzerland

$ --

$ --

Housing Market Summary for Mcdowell County, NC

Apr 2023March 2024Change
Median Listing Price$252.4K$211.8K-16.07%
Median Sold Price$153.6K$211.8K37.92%
Homes For Sale202420.00%
Homes Sold1831988.20%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Mcdowell County, NC

Mcdowell County, NC home values range from $11,730 to $5,504,188. Nebo is the priciest city with a median listing home price of $499,000, and Old Fort is most affordable with average house prices of around $129,000.

Foreclosure
There are 4 cities within Mcdowell County, NC; within these cities, the median estimated home value for homes in foreclosure ranges from $223,194 in Marion to the lowest value of $122,031 in Marion. Foreclosure homes account for 0.00% of properties in Mcdowell County, NC with Marion containing 6 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.01% of all residential properties in Mcdowell County, NC with Marion containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 4 cities within Mcdowell County, NC; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in Little Switzerland to the lowest home value of $0 in Marion.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Mcdowell County, NC ranges from the highest value of $210,939 in Marion to the lowest value of $122,031 in Marion. Bank owned homes and properties account for 0.04% of properties in Mcdowell County, NC. There are 4 cities within Mcdowell County, NC; Marion containing 3 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Marion has 2 auction properties, the highest number of properties going to auction in a single city in the state of Mcdowell County, NC. Auction homes and other auction properties account for 0.03% of all properties in Mcdowell County, NC. There are 4 cities within Mcdowell County, NC; of those cities, the median estimated home value for homes going to auction ranges from $213,084 in Nebo to the lowest value of $160,742 in Nebo.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.30% of residential properties in Mcdowell County, NC with Marion containing 19 homes for sale, the highest number of listed properties in a single city. There are 4 cities within Mcdowell County, NC; homes for sale in those cities, have a range of median values from $1,799,000 in Nebo to the lowest value of $87,213 in Marion.
    Sold Homes
    The median value for recently sold homes ranges from $624,174 in Old Fort to the lowest price of $21,906 in Old Fort. There are 4 cities within Mcdowell County, NC. Marion has 155 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.71% of properties in Mcdowell County, NC.

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      Guide for Mcdowell County, NC

      Foreclosure
      North Carolina Foreclosure Laws
      Buy to Rent
      Asheville, North Carolina Real Estate Market Snapshot – April 2024
      Buy to Rent
      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent
      Real Estate Trends in the Durham, NC – Feb 2024
      See More Articles
      North Carolina Foreclosure Laws
      Foreclosure|posted 6 June 2019

      North Carolina Foreclosure Laws

      Asheville, North Carolina Real Estate Market Snapshot – April 2024
      Buy to Rent|posted 17 April 2024

      A look at the Asheville’s real estate market trends from May 2023 to March 2024, highlighting key trends and dynamics in home values, sale prices, and supply.

      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent|posted 12 March 2024

      In Greensboro, NC, real estate trends indicate a decreasing average property value and sale price as of February 2024 while maintaining consistent market activity. Property values in the city indicate an affordable entry point for homebuying in comparison to neighboring areas.

      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent|posted 29 February 2024

      The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.