Is Flat Rock, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Flat Rock was a Buyer's Market.
Housing Prices in Flat Rock, NC
How much do homes in Flat Rock, NC cost?
Median Sold Price
$570,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Flat Rock was $570,000 in February 2024, down 11.2% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137.2K | $164.8K | +20.1% |
2 Bedrooms | $438.9K | $410K | -6.6% |
3 Bedrooms | $673.5K | $592.4K | -12.0% |
4 Bedrooms | $743K | $865K | +16.4% |
5+ Bedrooms | - | $1.5M | N/A |
Summary: Flat Rock housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.1%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Zirconia | $370K | $485K | +31.1% |
Hendersonville | $350K | $434.5K | +24.1% |
East Flat Rock | $305K | $329K | +7.9% |
Hendersonville Township | $416.2K | $434.7K | +4.5% |
Flat Rock | $642K | $570K | -11.2% |
Housing Supply in Flat Rock, NC
How many homes are available in Flat Rock, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
43 | 52 | +20.9% |
Summary: The Flat Rock real estate market had 52 homes for sale in February 2024, a 20.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 1 | -75.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 26 | 37 | +42.3% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Flat Rock housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes remained the same, 3 bedroom homes increased by 42.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Flat Rock in February 2024, down by 9.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
45 Days | 21 Days | -52.9% |
Summary: Homes in Flat Rock had an average of 21 days on market in Feb 2024, down by 52.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in Flat Rock; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.