Is Brevard Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brevard Township has remained a Seller's Market.
Key Takeaway
Brevard Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brevard Township, NC
How much do homes in Brevard Township, NC cost?
Median Sold Price
$498,531
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brevard Township have sold for 21.6% more than they did a year ago.
Summary: The median home sold price in Brevard Township was $498,531 in May 2024, up 21.6% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $336K | $265K | -21.1% |
| 2 Bedrooms | $300K | $420K | +40.0% |
| 3 Bedrooms | $432.5K | $532K | +23.0% |
| 4 Bedrooms | $570.4K | $749.5K | +31.4% |
| 5+ Bedrooms | $375K | $688.7K | +83.7% |
Summary: Brevard Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes increased by 83.7%.
Median Sold Price Compared To Nearby Cities
| Brevard Township | $410K | $498.5K | +21.6% |
| Brevard | $422.5K | $500.5K | +18.5% |
| Pisgah Forest | $430K | $469K | +9.1% |
| Dunns Rock Township | $523.5K | $571K | +9.1% |
| Catheys Creek Township | $381K | $414.5K | +8.8% |
Housing Supply in Brevard Township, NC
How many homes are available in Brevard Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 136 | 142 | +4.4% |
Summary: The Brevard Township real estate market had 142 homes for sale in May 2024, a 4.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 32 | 31 | -3.1% |
| 3 Bedrooms | 74 | 73 | -1.4% |
| 4 Bedrooms | 23 | 28 | +21.7% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Brevard Township 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 decreased by 3.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 25 | -28.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brevard Township, you may be able to get a good deal. 48% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Brevard Township in May 2024, down by 28.6% month-over-month. Of the 25 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% were sold over asking.
Days on Market for Brevard Township, NC
How long does it take to sell a home in Brevard Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 32 Days | +82.3% |
Summary: Homes in Brevard Township had an average of 32 days on market in May 2024, up by 82.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brevard Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 25 homes were sold in Brevard Township; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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