$6,798 Closing Credit*
$572,500
3 Beds
•3 Full Baths
Marsha Bricker, Listing Office: LANDMARK REALTY GROUP, LLC - BG
Is Sapphire, 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, Sapphire was a Seller's Market.
Key Takeaway
Sapphire is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sapphire, NC
How much do homes in Sapphire, NC cost?
Median Sold Price
$685,500
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$213,500(+45.2%)
Key Takeaway
Homes in Sapphire have sold for 45.2% more than they did a year ago.
Summary: The median home sold price in Sapphire was $685,500 in November 2024, up 45.2% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $207.5K | +29.7% |
| 2 Bedrooms | $275K | $452.5K | +64.5% |
| 3 Bedrooms | $681.5K | $775K | +13.7% |
| 4 Bedrooms | $969K | $1.6M | +65.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Sapphire housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.7%, 2 bedroom homes increased by 64.5%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 65.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lake Toxaway | $418.6K | $802.5K | +91.7% |
| Hogback Township | $425K | $785K | +84.7% |
| Sapphire | $472K | $685.5K | +45.2% |
Housing Supply in Sapphire, NC
How many homes are available in Sapphire, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Sapphire real estate market had 14 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sapphire 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 decreased by 40%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
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 Sapphire, 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 Sapphire in November 2024, down by 66.7% 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 Sapphire, NC
How long does it take to sell a home in Sapphire, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 151 Days | +1158.3% |
Summary: Homes in Sapphire had an average of 151 days on market in Nov 2024, up by 1158.3% 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 Sapphire 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 Sapphire; 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.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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