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 April 2023
Since last year, French Broad Township has remained a Seller's Market.
Key Takeaway
French Broad Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in French Broad Township, NC
How much do homes in French Broad Township, NC cost?
Median Sold Price
$448,300
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in French Broad Township have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in French Broad Township was $448,300 in April 2024, up 8.1% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208.5K | - | N/A |
| 2 Bedrooms | $295.7K | $341K | +15.3% |
| 3 Bedrooms | $424.4K | $431.5K | +1.7% |
| 4 Bedrooms | $625K | $639K | +2.2% |
| 5+ Bedrooms | $1.6M | $545K | -67.7% |
Summary: French Broad Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 67.7%.
Median Sold Price Compared To Nearby Cities
| Reems Creek Township | $467.4K | $575K | +23.0% |
| French Broad Township | $414.9K | $448.3K | +8.1% |
| Woodfin | $408.2K | $431.5K | +5.7% |
| Leicester Township | $410K | $387K | -5.6% |
| 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 52 | +6.1% |
Summary: The French Broad Township real estate market had 52 homes for sale in April 2024, a 6.1% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 36 | 41 | +13.9% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The French Broad Township 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 decreased by 33.3%, 3 bedroom homes increased by 13.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were 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. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in French Broad Township in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 45 Days | +85.6% |
Summary: Homes in French Broad Township had an average of 45 days on market in Apr 2024, up by 85.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in French Broad Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in French Broad Township; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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