$3,931 Closing Credit*
$331,000
1,011 SqFt
2 Beds
•1 Full Bath
Listing Office: Nexus Realty LLC
Is Woodfin, 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, Woodfin was a Seller's Market.
Key Takeaway
Woodfin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Woodfin, NC
How much do homes in Woodfin, NC cost?
Median Sold Price
$441,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,000(+3.8%)
Key Takeaway
Homes in Woodfin have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Woodfin was $441,000 in November 2024, up 3.8% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $459K | +63.9% |
| 2 Bedrooms | $330K | $322.5K | -2.3% |
| 3 Bedrooms | $445K | $472K | +6.1% |
| 4 Bedrooms | $586.5K | $597K | +1.8% |
| 5+ Bedrooms | $1.0M | $875K | -18.8% |
Summary: Woodfin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.9%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 18.8%.
Median Sold Price Compared To Nearby Cities
| Woodfin | $425K | $441K | +3.8% |
| Reems Creek Township | $518.5K | $535K | +3.2% |
| Asheville Township | $498.5K | $500.4K | 0.4% |
| French Broad Township | $446.6K | $440K | -1.5% |
Housing Supply in Woodfin, NC
How many homes are available in Woodfin, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 46 | +21.1% |
Summary: The Woodfin real estate market had 46 homes for sale in November 2024, a 21.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Woodfin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodfin, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Woodfin in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Woodfin, NC
How long does it take to sell a home in Woodfin, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 78 Days | +344.3% |
Summary: Homes in Woodfin had an average of 78 days on market in Nov 2024, up by 344.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Woodfin are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Woodfin; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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