Is French Broad Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, French Broad Township was a Seller's Market.
Key Takeaway
French Broad Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in French Broad Township, NC
How much do homes in French Broad Township, NC cost?
Median Sold Price
$444,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in French Broad Township have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in French Broad Township was $444,000 in March 2024, up 6.6% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208.5K | - | N/A |
| 2 Bedrooms | $296.5K | $352K | +18.7% |
| 3 Bedrooms | $430K | $428.5K | -0.3% |
| 4 Bedrooms | $625K | $639K | +2.2% |
| 5+ Bedrooms | - | $1.1M | N/A |
Summary: French Broad Township 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 increased by 18.7%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Reems Creek Township | $465.6K | $575K | +23.5% |
| French Broad Township | $416.5K | $444K | +6.6% |
| Woodfin | $407.5K | $428K | +5.0% |
| Leicester Township | $408.5K | $385K | -5.8% |
| Alexander | $407.5K | $375K | -8.0% |
Housing Supply in French Broad Township, NC
How many homes are available in French Broad Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 49 | +2.1% |
Summary: The French Broad Township real estate market had 49 homes for sale in March 2024, a 2.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 34 | 35 | +2.9% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The French Broad Township 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 increased by 16.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in French Broad Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in French Broad Township in March 2024, down by 54.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for French Broad Township, NC
How long does it take to sell a home in French Broad Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 42 Days | +9.2% |
Summary: Homes in French Broad Township had an average of 42 days on market in Mar 2024, up by 9.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in French Broad Township has remained consistent over time.
Summary: During March 2024, 5 homes were sold in French Broad Township; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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