Is Brevard, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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 in Brevard, NC
How much do homes in Brevard, NC cost?
Median Sold Price
$518,500
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brevard have sold for 28.7% more than they did a year ago.
Summary: The median home sold price in Brevard was $518,500 in April 2024, up 28.7% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $336K | $302.5K | -10.0% |
| 2 Bedrooms | $301K | $386.7K | +28.5% |
| 3 Bedrooms | $432.5K | $540K | +24.9% |
| 4 Bedrooms | $530K | $755K | +42.5% |
| 5+ Bedrooms | $475K | $750K | +57.9% |
Summary: Brevard housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 28.5%, 3 bedroom homes increased by 24.9%, 4 bedroom homes increased by 42.5%, and 5+ bedroom homes increased by 57.9%.
Median Sold Price Compared To Nearby Cities
| Brevard | $403K | $518.5K | +28.7% |
| Brevard Township | $400.5K | $512.8K | +28.0% |
| Dunns Rock Township | $520K | $565K | +8.7% |
| Pisgah Forest | $445K | $480K | +7.9% |
| Catheys Creek Township | $420K | $414.5K | -1.3% |
Housing Supply in Brevard, NC
How many homes are available in Brevard, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 113 | 125 | +10.6% |
Summary: The Brevard real estate market had 125 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 31 | 29 | -6.5% |
| 3 Bedrooms | 58 | 68 | +17.2% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Brevard housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 32 | +14.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brevard, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Brevard in April 2024, up by 14.3% month-over-month. Of the 32 sold homes, 69% were sold under asking, 22% were sold at asking, and 9% were sold over asking.
Days on Market for Brevard, NC
How long does it take to sell a home in Brevard, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 47 Days | +18.4% |
Summary: Homes in Brevard had an average of 47 days on market in Apr 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 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 April 2024, 32 homes were sold in Brevard; 53% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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