Is East Flat Rock, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Flat Rock is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, East Flat Rock was a Seller's Market.

Key Takeaway

East Flat Rock is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in East Flat Rock, NC

How much do homes in East Flat Rock, NC cost?

Median Sold Price

$325,000

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$18,000(+5.9%)

Key Takeaway

Homes in East Flat Rock have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in East Flat Rock was $325,000 in March 2024, up 5.9% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$219K
N/A
2 $285K$217.5K
-23.7%
3 $320.1K$356.5K
+11.4%
4 $367.5K$314K
-14.6%
5+ $750K$331K
-55.9%

Summary: East Flat Rock 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 decreased by 23.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes decreased by 55.9%.

Median Sold Price Compared To Nearby Cities

Hendersonville
+20.7%
Blue Ridge Township
+8.0%
East Flat Rock
+5.9%
Hendersonville Township
+3.9%
Flat Rock
-11.1%

Housing Supply in East Flat Rock, NC

How many homes are available in East Flat Rock, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
67+16.7%

Summary: The East Flat Rock real estate market had 7 homes for sale in March 2024, a 16.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 34
+33.3%
4 11
0.0%
5+ 00
0.0%

Summary: The East Flat Rock housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Flat Rock, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in East Flat Rock in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for East Flat Rock, NC

How long does it take to sell a home in East Flat Rock, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
10 Days75 Days+650.0%

Summary: Homes in East Flat Rock had an average of 75 days on market in Mar 2024, up by 650% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in East Flat Rock has remained consistent over time.

Summary: During March 2024, 1 homes were sold in East Flat Rock; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

Newest Listings in East Flat Rock, NC

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