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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brevard Township is a seller's market

Buyer's
Market

Difference Since February 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

$490,906

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$90,906(+22.7%)

Key Takeaway

Homes in Brevard Township have sold for 22.7% more than they did a year ago.

Summary: The median home sold price in Brevard Township was $490,906 in February 2024, up 22.7% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $299K$293.1K
-2.0%
2 $302K$370K
+22.5%
3 $425K$535K
+25.9%
4 $512K$710K
+38.7%
5+ $425K$750K
+76.5%

Summary: Brevard Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 38.7%, and 5+ bedroom homes increased by 76.5%.

Median Sold Price Compared To Nearby Cities

Brevard Township
+22.7%
Brevard
+22.2%
Dunns Rock Township
+12.7%
Pisgah Forest
+10.8%
Catheys Creek Township
-7.0%

Housing Supply in Brevard Township, NC

How many homes are available in Brevard Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
95106+11.6%

Summary: The Brevard Township real estate market had 106 homes for sale in February 2024, a 11.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 44
0.0%
2 2529
+16.0%
3 4648
+4.3%
4 1417
+21.4%
5+ 68
+33.3%

Summary: The Brevard Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2120-4.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brevard Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Brevard Township in February 2024, down by 4.8% month-over-month. Of the 20 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Feb 2023Feb 2024CHANGE
54 Days47 Days-14.0%

Summary: Homes in Brevard Township had an average of 47 days on market in Feb 2024, down by 14% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brevard Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 20 homes were sold in Brevard Township; 45% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Brevard Township, NC

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