Is Pisgah Forest, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pisgah Forest is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Pisgah Forest, NC

How much do homes in Pisgah Forest, NC cost?

Median Sold Price

$440,075

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,925(-1.1%)

Key Takeaway

Homes in Pisgah Forest have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Pisgah Forest was $440,075 in October 2024, down 1.1% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $300K$374.5K
+24.8%
3 $480K$495K
+3.1%
4 $674K$842.5K
+25.0%
5+ $425.2K$1.1M
+167.6%

Summary: Pisgah Forest housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 167.6%.

Median Sold Price Compared To Nearby Cities

Boyd Township
+16.4%
Brevard Township
+9.6%
Brevard
+8.8%
Pisgah Forest
-1.1%

Housing Supply in Pisgah Forest, NC

How many homes are available in Pisgah Forest, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4043+7.5%

Summary: The Pisgah Forest real estate market had 43 homes for sale in October 2024, a 7.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 77
0.0%
3 2730
+11.1%
4 55
0.0%
5+ 00
0.0%

Summary: The Pisgah Forest housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pisgah Forest, 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 Pisgah Forest in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Oct 2023Oct 2024CHANGE
38 Days67 Days+75.1%

Summary: Homes in Pisgah Forest had an average of 67 days on market in Oct 2024, up by 75.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Pisgah Forest; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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 16 Days Ago

Newest Listings in Pisgah Forest, NC

Nearby Markets to Pisgah Forest, NC

What housing markets are near Pisgah Forest, NC?