Is Pisgah Forest, 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, Pisgah Forest has remained a Seller's Market.
Key Takeaway
Pisgah Forest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pisgah Forest, NC
How much do homes in Pisgah Forest, NC cost?
Median Sold Price
$480,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pisgah Forest have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Pisgah Forest was $480,000 in April 2024, up 7.9% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $261K | - | N/A |
| 2 Bedrooms | $280K | $363.7K | +29.9% |
| 3 Bedrooms | $470K | $485K | +3.2% |
| 4 Bedrooms | $795K | $598K | -24.8% |
| 5+ Bedrooms | $60K | $855.5K | +1325.8% |
Summary: Pisgah Forest 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 29.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 24.8%, and 5+ bedroom homes increased by 1325.8%.
Median Sold Price Compared To Nearby Cities
| Brevard | $403K | $518.5K | +28.7% |
| Brevard Township | $400.5K | $512.8K | +28.0% |
| Boyd Township | $342.5K | $425.2K | +24.2% |
| Pisgah Forest | $445K | $480K | +7.9% |
| Penrose | $457.5K | $411.2K | -10.1% |
Housing Supply in Pisgah Forest, NC
How many homes are available in Pisgah Forest, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 41 | +24.2% |
Summary: The Pisgah Forest real estate market had 41 homes for sale in April 2024, a 24.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 20 | 27 | +35.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pisgah Forest 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 11.1%, 3 bedroom homes increased by 35%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
7 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 Pisgah Forest, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Pisgah Forest in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 111 Days | +147.3% |
Summary: Homes in Pisgah Forest had an average of 111 days on market in Apr 2024, up by 147.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pisgah Forest has remained consistent over time.
Summary: During April 2024, 8 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 38% of homes were sold over 90 days.
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