Is Flat Rock, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Flat Rock is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Flat Rock, NC

How much do homes in Flat Rock, NC cost?

Median Sold Price

$584,000

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,900(+4.5%)

Key Takeaway

Homes in Flat Rock have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Flat Rock was $584,000 in November 2024, up 4.5% from last year, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $174.6K$155K
-11.3%
2 $410K$413K
+0.7%
3 $562K$671.5K
+19.5%
4 $860K$617.9K
-28.2%
5+ $1.6M$899K
-46.6%

Summary: Flat Rock housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 19.5%, 4 bedroom homes decreased by 28.2%, and 5+ bedroom homes decreased by 46.6%.

Median Sold Price Compared To Nearby Cities

Zirconia
+38.4%
East Flat Rock
+11.7%
Hendersonville Township
+4.7%
Flat Rock
+4.5%
Hendersonville
+4.1%

Housing Supply in Flat Rock, NC

How many homes are available in Flat Rock, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7068-2.9%

Summary: The Flat Rock real estate market had 68 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1516
+6.7%
3 4842
-12.5%
4 59
+80.0%
5+ 21
-50.0%

Summary: The Flat Rock 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 increased by 6.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 80%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
136-53.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Flat Rock, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Flat Rock in November 2024, down by 53.8% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Flat Rock, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days116 Days+549.9%

Summary: Homes in Flat Rock had an average of 116 days on market in Nov 2024, up by 549.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Flat Rock has remained consistent over time.

Summary: During November 2024, 6 homes were sold in Flat Rock; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 2 Days Ago

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