Is Pisgah Forest, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pisgah Forest is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Pisgah Forest was a Seller's Market.

Key Takeaway

Pisgah Forest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pisgah Forest, NC

How much do homes in Pisgah Forest, NC cost?

Median Sold Price

$481,000

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$47,000(+10.8%)

Key Takeaway

Homes in Pisgah Forest have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Pisgah Forest was $481,000 in February 2024, up 10.8% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $261K-
N/A
2 $320K$315.5K
-1.4%
3 $452K$485K
+7.3%
4 $689K$598K
-13.2%
5+ $60K$573K
+855.0%

Summary: Pisgah Forest housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 855%.

Median Sold Price Compared To Nearby Cities

Brevard Township
+22.7%
Brevard
+22.2%
Pisgah Forest
+10.8%
Penrose
+10.7%
Boyd Township
+5.9%

Housing Supply in Pisgah Forest, NC

How many homes are available in Pisgah Forest, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2730+11.1%

Summary: The Pisgah Forest real estate market had 30 homes for sale in February 2024, a 11.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 108
-20.0%
3 1518
+20.0%
4 11
0.0%
5+ 12
+100.0%

Summary: The Pisgah Forest housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
440.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pisgah Forest, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Pisgah Forest in February 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pisgah Forest, NC

How long does it take to sell a home in Pisgah Forest, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
25 Days79 Days+212.0%

Summary: Homes in Pisgah Forest had an average of 79 days on market in Feb 2024, up by 212% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pisgah Forest has remained consistent over time.

Summary: During February 2024, 4 homes were sold in Pisgah Forest; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 3 Days Ago

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