Is Brevard, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brevard is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Brevard was a Seller's Market.

Key Takeaway

Brevard is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Brevard, NC

How much do homes in Brevard, NC cost?

Median Sold Price

$515,000

$294/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$49,125(+10.5%)

Key Takeaway

Homes in Brevard have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Brevard was $515,000 in November 2024, up 10.5% from last year, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $340K$230K
-32.4%
2 $353.7K$370K
+4.6%
3 $526.3K$537.5K
+2.1%
4 $620K$795K
+28.2%
5+ $608.5K$596.2K
-2.0%

Summary: Brevard housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.4%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes decreased by 2%.

Median Sold Price Compared To Nearby Cities

Catheys Creek Township
+36.5%
Brevard
+10.5%
Brevard Township
+10.4%
Dunns Rock Township
+0.7%
Pisgah Forest
-6.0%

Housing Supply in Brevard, NC

How many homes are available in Brevard, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
132137+3.8%

Summary: The Brevard real estate market had 137 homes for sale in November 2024, a 3.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 56
+20.0%
2 3535
0.0%
3 6766
-1.5%
4 1520
+33.3%
5+ 1010
0.0%

Summary: The Brevard housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2119-9.5%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brevard, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Brevard in November 2024, down by 9.5% month-over-month. Of the 19 sold homes, 74% were sold under asking, 21% were sold at asking, and 5% were sold over asking.

Days on Market for Brevard, NC

How long does it take to sell a home in Brevard, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days54 Days+38.8%

Summary: Homes in Brevard had an average of 54 days on market in Nov 2024, up by 38.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brevard are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in Brevard; 47% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Brevard, NC

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