$6,413 Closing Credit*
$540,000
1,378 SqFt
3 Beds
•2 Full Baths
Listing Office: Landmark Realty Group
Is Sapphire, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Sapphire has remained a Seller's Market.
Key Takeaway
Sapphire is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sapphire, NC
How much do homes in Sapphire, NC cost?
Median Sold Price
$602,200
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,200(+6.6%)
Key Takeaway
Homes in Sapphire have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Sapphire was $602,200 in October 2024, up 6.6% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $207.5K | +29.7% |
| 2 Bedrooms | $275K | $452.5K | +64.5% |
| 3 Bedrooms | $705K | $633K | -10.2% |
| 4 Bedrooms | $1.0M | $1.5M | +50.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Sapphire housing prices by bedroom type for October 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 decreased by 10.2%, 4 bedroom homes increased by 50.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lake Toxaway | $477.5K | $800K | +67.5% |
| Hogback Township | $490.5K | $800K | +63.1% |
| Sapphire | $565K | $602.2K | +6.6% |
| Cashiers Township | $726K | $586.5K | -19.2% |
Housing Supply in Sapphire, NC
How many homes are available in Sapphire, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Sapphire real estate market had 16 homes for sale in October 2024, a 11.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sapphire 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 increased by 20%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sapphire, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Sapphire in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 1 Day | -98.2% |
Summary: Homes in Sapphire had an average of 1 days on market in Oct 2024, down by 98.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sapphire are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Sapphire; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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