Is Biltmore Forest, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Biltmore Forest was a Seller's Market.
Housing Prices in Biltmore Forest, NC
How much do homes in Biltmore Forest, NC cost?
Median Sold Price
$1,822,000
$414/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Biltmore Forest was $1,822,000 in May 2024, up 12.1% from last year, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $925K | N/A |
3 Bedrooms | $770K | $1.3M | +76.5% |
4 Bedrooms | $1.6M | $1.8M | +13.8% |
5+ Bedrooms | $3.6M | $2.2M | -39.1% |
Summary: Biltmore Forest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 76.5%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 39.1%.
Median Sold Price Compared To Nearby Cities
Biltmore Forest | $1.6M | $1.8M | +12.1% |
Asheville | $460.4K | $486.2K | +5.6% |
Asheville Township | $478.7K | $495.9K | +3.6% |
Limestone Township | $503K | $473.2K | -5.9% |
Housing Supply in Biltmore Forest, NC
How many homes are available in Biltmore Forest, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 26 | +30.0% |
Summary: The Biltmore Forest real estate market had 26 homes for sale in May 2024, a 30.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Biltmore Forest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Biltmore Forest in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Biltmore Forest, NC
How long does it take to sell a home in Biltmore Forest, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
82 Days | 128 Days | +55.4% |
Summary: Homes in Biltmore Forest had an average of 128 days on market in May 2024, up by 55.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Biltmore Forest; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.