Is Woodfin, 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, Woodfin has remained a Seller's Market.
Key Takeaway
Woodfin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woodfin, NC
How much do homes in Woodfin, NC cost?
Median Sold Price
$428,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Woodfin have sold for 5% more than they did a year ago.
Summary: The median home sold price in Woodfin was $428,000 in March 2024, up 5% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208.5K | $250K | +19.9% |
| 2 Bedrooms | $320K | $340K | +6.3% |
| 3 Bedrooms | $413.1K | $444.1K | +7.5% |
| 4 Bedrooms | $592.2K | $655K | +10.6% |
| 5+ Bedrooms | $580K | $935K | +61.2% |
Summary: Woodfin 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 increased by 6.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 61.2%.
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% |
| Asheville Township | $481.7K | $495.2K | +2.8% |
| Alexander | $407.5K | $375K | -8.0% |
Housing Supply in Woodfin, NC
How many homes are available in Woodfin, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 53 | -1.9% |
Summary: The Woodfin real estate market had 53 homes for sale in March 2024, a 1.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 36 | 34 | -5.6% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Woodfin 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 42.9%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodfin, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Woodfin in March 2024, down by 37.5% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.
Days on Market for Woodfin, NC
How long does it take to sell a home in Woodfin, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 40 Days | +69.6% |
Summary: Homes in Woodfin had an average of 40 days on market in Mar 2024, up by 69.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Woodfin are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Woodfin; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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