Is French Broad Township, 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, French Broad Township has remained a Seller's Market.
Housing Prices in French Broad Township, NC
How much do homes in French Broad Township, NC cost?
Median Sold Price
$450,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in French Broad Township was $450,000 in May 2024, up 8.5% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $208.5K | - | N/A |
2 Bedrooms | $322.5K | $341K | +5.7% |
3 Bedrooms | $417.9K | $446.6K | +6.8% |
4 Bedrooms | $625K | $639K | +2.2% |
5+ Bedrooms | $1.6M | $545K | -67.7% |
Summary: French Broad Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 67.7%.
Median Sold Price Compared To Nearby Cities
Reems Creek Township | $466.8K | $574.3K | +23.0% |
Woodfin | $409.4K | $445.8K | +8.9% |
French Broad Township | $414.9K | $450K | +8.5% |
Leicester Township | $410K | $400K | -2.4% |
Alexander | $415K | $400.9K | -3.4% |
Housing Supply in French Broad Township, NC
How many homes are available in French Broad Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 56 | +9.8% |
Summary: The French Broad Township real estate market had 56 homes for sale in May 2024, a 9.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 40 | 41 | +2.5% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The French Broad Township 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 increased by 50%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in French Broad Township in May 2024, the same as the previous month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.
Days on Market for French Broad Township, NC
How long does it take to sell a home in French Broad Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 38 Days | -7.9% |
Summary: Homes in French Broad Township had an average of 38 days on market in May 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in French Broad Township; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.