Is Pisgah Forest, 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, Pisgah Forest has remained a Seller's Market.
Key Takeaway
Pisgah Forest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pisgah Forest, NC
How much do homes in Pisgah Forest, NC cost?
Median Sold Price
$469,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pisgah Forest have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Pisgah Forest was $469,000 in May 2024, up 9.1% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $261K | - | N/A |
| 2 Bedrooms | $260K | $372.5K | +43.3% |
| 3 Bedrooms | $470K | $485K | +3.2% |
| 4 Bedrooms | $750K | $912.5K | +21.7% |
| 5+ Bedrooms | $60K | $855.5K | +1325.8% |
Summary: Pisgah Forest 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 43.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 1325.8%.
Median Sold Price Compared To Nearby Cities
| Brevard Township | $410K | $498.5K | +21.6% |
| Brevard | $422.5K | $500.5K | +18.5% |
| Boyd Township | $342.5K | $400.1K | +16.8% |
| Pisgah Forest | $430K | $469K | +9.1% |
Housing Supply in Pisgah Forest, NC
How many homes are available in Pisgah Forest, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 47 | +11.9% |
Summary: The Pisgah Forest real estate market had 47 homes for sale in May 2024, a 11.9% 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 | 11 | 10 | -9.1% |
| 3 Bedrooms | 27 | 33 | +22.2% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Pisgah Forest 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 decreased by 9.1%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pisgah Forest, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Pisgah Forest in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% were sold over asking.
Days on Market for Pisgah Forest, NC
How long does it take to sell a home in Pisgah Forest, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 64 Days | 38 Days | -40.0% |
Summary: Homes in Pisgah Forest had an average of 38 days on market in May 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pisgah Forest are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Pisgah Forest; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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