Is Brevard, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Brevard has remained a Seller's Market.
Key Takeaway
Brevard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Brevard, NC cost?
Median Sold Price
$467,500
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Brevard have sold for 26.5% more than they did a year ago.
Summary: The median home sold price in Brevard was $467,500 in August 2023, up 26.5% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $316.2K | $299K | -5.5% |
| 2 Bedrooms | $279K | $310K | +11.1% |
| 3 Bedrooms | $384.9K | $520K | +35.1% |
| 4 Bedrooms | $511K | $577.4K | +13.0% |
| 5+ Bedrooms | $315K | $592K | +87.9% |
Summary: Brevard housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 35.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 87.9%.
Median Sold Price Compared To Nearby Cities
| Brevard | $369.5K | $467.5K | +26.5% |
| Brevard Township | $369K | $455K | +23.3% |
| Dunns Rock Township | $470.5K | $545K | +15.8% |
| Pisgah Forest | $402.5K | $460.5K | +14.4% |
| Catheys Creek Township | $448.7K | $420K | -6.4% |
Housing Supply
How many homes are available in Brevard, NC?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 119 | 125 | +5.0% |
Summary: The Brevard real estate market had 125 homes for sale in August 2023, a 5.0% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 28 | 23 | -17.9% |
| 3 Bedrooms | 60 | 66 | +10.0% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Brevard housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 17.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 24 | 31 | +29.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brevard, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Brevard in August 2023, up by 29.2% month-over-month. Of the 31 sold homes, 52% were sold under asking, 23% were sold at asking, and 26% were sold over asking.
Days on Market
How long does it take to sell a home in Brevard, NC?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 10 Days | 46 Days | +325.4% |
Summary: Homes in Brevard had an average of 46 days on market in Aug 2023, up by 325.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brevard are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 31 homes were sold in Brevard; 52% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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