Is Historic Montford, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Historic Montford was a Seller's Market.
Key Takeaway
Historic Montford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Historic Montford, NC
How much do homes in Historic Montford, NC cost?
Median Sold Price
$695,000
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Historic Montford have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Historic Montford was $695,000 in April 2024, up 6.9% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $305K | -20.8% |
| 2 Bedrooms | $446.2K | $559.5K | +25.4% |
| 3 Bedrooms | $715.5K | $707.5K | -1.1% |
| 4 Bedrooms | $875.9K | $857.5K | -2.1% |
| 5+ Bedrooms | $620K | - | N/A |
Summary: Historic Montford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.8%, 2 bedroom homes increased by 25.4%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Historic Montford | $650K | $695K | +6.9% |
| Downtown Asheville | $612.5K | $650K | +6.1% |
Housing Supply in Historic Montford, NC
How many homes are available in Historic Montford, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Summary: The Historic Montford real estate market had 13 homes for sale in April 2024, a 62.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Historic Montford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Historic Montford, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Historic Montford in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Historic Montford, NC
How long does it take to sell a home in Historic Montford, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 2 Days | -96.0% |
Summary: Homes in Historic Montford had an average of 2 days on market in Apr 2024, down by 96% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Historic Montford are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Historic Montford; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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