$10,000 Closing Credit*
$2,150,000
4,177 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: Preferred Properties
Is Biltmore Forest, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Biltmore Forest was a Seller's Market.
Key Takeaway
Biltmore Forest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Biltmore Forest, NC
How much do homes in Biltmore Forest, NC cost?
Median Sold Price
$2,075,000
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$280,000(+15.6%)
Key Takeaway
Homes in Biltmore Forest have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Biltmore Forest was $2,075,000 in November 2024, up 15.6% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.2M | N/A |
| 2 Bedrooms | - | $925K | N/A |
| 3 Bedrooms | $434.5K | $1.8M | +329.2% |
| 4 Bedrooms | $1.8M | $1.6M | -8.1% |
| 5+ Bedrooms | $2.2M | $2.5M | +17.0% |
Summary: Biltmore Forest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 329.2%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Cities
| Limestone Township | $463K | $540K | +16.6% |
| Biltmore Forest | $1.7M | $2.0M | +15.6% |
| Asheville | $487.6K | $489.4K | 0.4% |
| Asheville Township | $498.5K | $500.4K | 0.4% |
Housing Supply in Biltmore Forest, NC
How many homes are available in Biltmore Forest, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Biltmore Forest real estate market had 16 homes for sale in November 2024, a 6.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Biltmore Forest housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Biltmore Forest, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Biltmore Forest in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Biltmore Forest, NC
How long does it take to sell a home in Biltmore Forest, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 100 Days | 182 Days | +81.1% |
Summary: Homes in Biltmore Forest had an average of 182 days on market in Nov 2024, up by 81.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Biltmore Forest are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Biltmore Forest; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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