Is Flat Rock, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Flat Rock has remained a Seller's Market.
Housing Prices in Flat Rock, NC
How much do homes in Flat Rock, NC cost?
Median Sold Price
$570,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Flat Rock was $570,000 in March 2024, down 11.1% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137.5K | $164.8K | +19.9% |
2 Bedrooms | $438.9K | $400K | -8.9% |
3 Bedrooms | $658K | $600K | -8.8% |
4 Bedrooms | $743K | $855K | +15.1% |
5+ Bedrooms | $750K | $1.6M | +124.3% |
Summary: Flat Rock housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.9%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 124.3%.
Median Sold Price Compared To Nearby Cities
Hendersonville | $360K | $434.5K | +20.7% |
East Flat Rock | $307K | $325K | +5.9% |
Hendersonville Township | $418.8K | $435K | +3.9% |
Flat Rock | $641.5K | $570K | -11.1% |
Housing Supply in Flat Rock, NC
How many homes are available in Flat Rock, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 54 | +8.0% |
Summary: The Flat Rock real estate market had 54 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 38 | 32 | -15.8% |
4 Bedrooms | 6 | 12 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Flat Rock housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Flat Rock in March 2024, up by 30.0% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 56 Days | -15.8% |
Summary: Homes in Flat Rock had an average of 56 days on market in Mar 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Flat Rock; 77% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.