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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Flat Rock is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Flat Rock has remained a Seller's Market.

Key Takeaway

Flat Rock is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Flat Rock, NC

How much do homes in Flat Rock, NC cost?

Median Sold Price

$586,500

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$6,055(+1.0%)

Key Takeaway

Homes in Flat Rock have sold for 1% more than they did a year ago.

Summary: The median home sold price in Flat Rock was $586,500 in September 2024, up 1% from last year, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$164.8K
N/A
2 $412.5K$410K
-0.6%
3 $572.3K$671.5K
+17.3%
4 $760K$655K
-13.8%
5+ $1.5M$923K
-42.0%

Summary: Flat Rock housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 17.3%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 42%.

Median Sold Price Compared To Nearby Cities

Zirconia
+28.4%
East Flat Rock
+14.5%
Hendersonville
+6.3%
Hendersonville Township
+5.8%
Flat Rock
+1.0%

Housing Supply in Flat Rock, NC

How many homes are available in Flat Rock, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
77770.0%

Summary: The Flat Rock real estate market had 77 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 1314
+7.7%
3 5050
0.0%
4 76
-14.3%
5+ 55
0.0%

Summary: The Flat Rock housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
16160.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Flat Rock, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Flat Rock in September 2024, the same as the previous month. Of the 16 sold homes, 81% were sold under asking, 13% were sold at asking, and 6% were sold over asking.

Days on Market for Flat Rock, NC

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

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days53 Days+267.7%

Summary: Homes in Flat Rock had an average of 53 days on market in Sep 2024, up by 267.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 16 homes were sold in Flat Rock; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 30 Days Ago

Newest Listings in Flat Rock, NC

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