Nebo Township Housing Market Report February 2025•McDowell County, North Carolina

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Housing Prices in Nebo Township, NC

How much do homes in Nebo Township, NC cost?

Housing Market Conditions

Is Nebo Township, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Nebo Township is a Seller's Market

Difference Since February 2024

Since last year, Nebo Township has remained a Seller's Market.

Insight

Nebo Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$520,000$254/SqFt
+$84,000
+19.3%

Based on all homes sold in the last 12 months

Insight

Homes in Nebo Township have sold for 19.3% more than they did a year ago.

Summary: The median home sold price in Nebo Township was $520,000 in February 2025, up 19.3% from last year, and the median price per square foot was $254.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Nebo
+20.4%
Nebo Township
+19.3%
Dysartsville Township
+14.2%
Linville Township
+10.7%
Marion
+9.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$80.5K$563K
+599.4%
2$408K$520K
+27.5%
3$424.9K$450K
+5.9%
4$885K$993.2K
+12.2%
5$1.5M$1.3M
-16.3%

Summary: Nebo Township housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +599.4%. The home price for 2 bedroom homes increased by +27.5%. The home price for 3 bedroom homes increased by +5.9%. The home price for 4 bedroom homes increased by +12.2%. The home price for 5 bedroom homes decreased by -16.3%.

Housing supply in Nebo Township, NC

How many homes are available in Nebo Township, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
63Last MonthFeb 2025
522 months agoJan 2025
+21.2 %
Change MoMJan – Feb

Summary: The Nebo Township real estate market had 63 homes for sale in Feb 2025, a 21.2 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
13Last MonthFeb 2025
22 months agoJan 2025
+550.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
111
0.0%
2913
+44.4%
33539
+11.4%
468
+33.3%
512
+100.0%

Summary: Nebo Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +44.4%. The inventory for 3 bedroom homes increased by +11.4%. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Nebo Township, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price12 Homes

Insight

If you're buying a home in Nebo Township, you may be able to get a good deal. 92.3% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Nebo Township in February 2025, up by 550.0% month-over-month. Of the 13 sold homes, 92% were sold under asking, 8% were sold at asking, and and 0% were sold over asking.

Days on Market for Nebo Township, NC

How long does it take to sell a home in Nebo Township, NC?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days4 Homes

Over 90 Days7 Homes

Insight

Most homes in Nebo Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 13 homes were sold in Nebo Township; 15% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 54% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
141 DaysThis YearFeb 2025
36 Days1 year agoFeb 2024
+288.8 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Nebo Township had an average listing age of 141 days in Feb 2025, up by 288.8% compared to the previous year.

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Newest Listings in Nebo Township, NC

What homes are available in Nebo Township, NC?

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Nearby markets

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Based on information from Canopy MLS, and Multiple Listing Service of Spartanburg for the period 03/01/2023 - 03/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/5/2025, 2:21:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Spartanburg Association of REALTORS®. IDX information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/5/2025, 2:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.