Black Mountain, NC Foreclosures
How much do homes sell for in Black Mountain, NC?
The average home price is currently $491,035.
In Black Mountain, NC, how many homes are available?
There are currently 6 active home listings available in Black Mountain.
What’s the average rental cost in Black Mountain, NC?
The average rental price in Black Mountain is $1,685.
What is the most expensive home in Black Mountain?
The most expensive home sold in Black Mountain had a price of $8,248,310.
What is currently the cheapest priced home in Black Mountain, NC?
The cheapest home for sale in Black Mountain is priced at $8,430.
Living in Black Mountain, NC
Black Mountain, NC is a charming small town nestled in the Blue Ridge Mountains, known for its stunning natural beauty and vibrant arts scene. With an array of outdoor recreational activities, unique local shops, and a strong sense of community, it provides an ideal location for families and individuals alike. Conveniently located near Asheville, Black Mountain combines the tranquility of mountain living with easy access to urban amenities.
Current Market Conditions in Black Mountain, NC
The real estate market in Black Mountain has seen consistent growth in recent years, fueled by an influx of new residents seeking a quieter lifestyle amidst nature. With a range of housing options, from historic homes to modern builds, the market caters to diverse buyers looking for investment opportunities.
Current demand remains high, with properties often receiving multiple offers, especially homes situated near amenities and outdoor activities. As more people embrace remote work and the desire for a more sustainable lifestyle, many are looking to relocate to areas like Black Mountain.
As of late 2023, the market remains competitive, with a notable increase in home prices over the past year, likely influenced by the limited inventory and strong buyer interest. Sellers are forming bidding wars, particularly for visually appealing properties with outdoor spaces.
Home Value Estimator For Black Mountain, NC
There are currently 7,572 real estate properties
in Black Mountain, NC,
with a median automated valuation model (AVM) price
of $417,694.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Black Mountain, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Black Mountain, NC,
is $491,035.00, with the most expensive house
in Black Mountain, NC, topping out
at $8,248,310.00 and the cheapest home
in Black Mountain, NC,
clocking in at $8,430.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Black Mountain, NC!
Rent Prices
In Black Mountain, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Black Mountain, NC, is on
a rollercoaster ride. The
average rent price in Black Mountain, NC,
is $1,685.00. Indeed, when looking to rent in
Black Mountain, NC, you can expect to pay as little
as $440.00 or as much
as $3,580.00,
with the average rent median estimated to
be $1,660.00. The good news is that finding
an affordable and desirable property to rent in Black Mountain, NC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
