Is Woodfin, 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, 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
$431,550
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Woodfin have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Woodfin was $431,550 in April 2024, up 5.7% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208.5K | $280K | +34.3% |
| 2 Bedrooms | $287.5K | $340K | +18.3% |
| 3 Bedrooms | $413.1K | $450K | +8.9% |
| 4 Bedrooms | $559.5K | $650K | +16.2% |
| 5+ Bedrooms | $580K | $935K | +61.2% |
Summary: Woodfin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.3%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 61.2%.
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% |
| Asheville Township | $477.5K | $495.6K | +3.8% |
| Alexander | $407.5K | $375K | -8.0% |
Housing Supply in Woodfin, NC
How many homes are available in Woodfin, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 54 | +10.2% |
Summary: The Woodfin real estate market had 54 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Woodfin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodfin, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Woodfin in April 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 46 Days | +210.1% |
Summary: Homes in Woodfin had an average of 46 days on market in Apr 2024, up by 210.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woodfin are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Woodfin; 70% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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