Is Biltmore Forest, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Biltmore Forest has remained a Buyer's Market.
Key Takeaway
Biltmore Forest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Biltmore Forest, NC
How much do homes in Biltmore Forest, NC cost?
Median Sold Price
$1,822,000
$426/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Biltmore Forest have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in Biltmore Forest was $1,822,000 in March 2024, up 24.3% from last year, and the median price per square foot was $426.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $925K | N/A |
| 3 Bedrooms | $690K | $1.3M | +97.0% |
| 4 Bedrooms | $1.4M | $1.8M | +26.0% |
| 5+ Bedrooms | $2.8M | $2.2M | -21.8% |
Summary: Biltmore Forest housing prices by bedroom type for March 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 97%, 4 bedroom homes increased by 26%, and 5+ bedroom homes decreased by 21.8%.
Median Sold Price Compared To Nearby Cities
| Biltmore Forest | $1.4M | $1.8M | +24.3% |
| Asheville | $469.7K | $487.9K | +3.9% |
| Asheville Township | $481.7K | $495.2K | +2.8% |
| Limestone Township | $500K | $449K | -10.2% |
Housing Supply in Biltmore Forest, NC
How many homes are available in Biltmore Forest, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Summary: The Biltmore Forest real estate market had 17 homes for sale in March 2024, a 41.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Biltmore Forest housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Biltmore Forest, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Biltmore Forest in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 91 Days | 63 Days | -30.8% |
Summary: Homes in Biltmore Forest had an average of 63 days on market in Mar 2024, down by 30.8% 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
Key Takeaway
Many homes in Biltmore Forest are selling fast, if you're buying plan to act quickly.
Summary: During March 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.
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