Is Brevard, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brevard has remained a Seller's Market.
Key Takeaway
Brevard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brevard, NC
How much do homes in Brevard, NC cost?
Median Sold Price
$500,500
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brevard have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Brevard was $500,500 in May 2024, up 18.5% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $373K | $265K | -29.0% |
| 2 Bedrooms | $295K | $402.2K | +36.4% |
| 3 Bedrooms | $467K | $532K | +13.9% |
| 4 Bedrooms | $565K | $749.5K | +32.7% |
| 5+ Bedrooms | $483.5K | $750K | +55.1% |
Summary: Brevard housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes increased by 55.1%.
Median Sold Price Compared To Nearby Cities
| Brevard Township | $410K | $498.5K | +21.6% |
| Brevard | $422.5K | $500.5K | +18.5% |
| Pisgah Forest | $430K | $469K | +9.1% |
| Dunns Rock Township | $523.5K | $571K | +9.1% |
| Catheys Creek Township | $381K | $414.5K | +8.8% |
Housing Supply in Brevard, NC
How many homes are available in Brevard, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 128 | 133 | +3.9% |
Summary: The Brevard real estate market had 133 homes for sale in May 2024, a 3.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 29 | 29 | 0.0% |
| 3 Bedrooms | 70 | 67 | -4.3% |
| 4 Bedrooms | 23 | 28 | +21.7% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Brevard housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 23 | -32.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brevard, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Brevard in May 2024, down by 32.4% month-over-month. Of the 23 sold homes, 43% were sold under asking, 30% were sold at asking, and 26% were sold over asking.
Days on Market for Brevard, NC
How long does it take to sell a home in Brevard, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +48.1% |
Summary: Homes in Brevard had an average of 26 days on market in May 2024, up by 48.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brevard are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Brevard; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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