Is Woodfin, 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, Woodfin has remained a Seller's Market.
Key Takeaway
Woodfin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woodfin, NC
How much do homes in Woodfin, NC cost?
Median Sold Price
$445,800
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Woodfin have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Woodfin was $445,800 in May 2024, up 8.9% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211K | $310K | +46.9% |
| 2 Bedrooms | $287.5K | $340K | +18.3% |
| 3 Bedrooms | $412K | $469K | +13.8% |
| 4 Bedrooms | $559.5K | $655K | +17.1% |
| 5+ Bedrooms | $580K | $935K | +61.2% |
Summary: Woodfin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.9%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 61.2%.
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% |
| Asheville Township | $478.7K | $495.9K | +3.6% |
| Alexander | $415K | $400.9K | -3.4% |
Housing Supply in Woodfin, NC
How many homes are available in Woodfin, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 64 | +16.4% |
Summary: The Woodfin real estate market had 64 homes for sale in May 2024, a 16.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 34 | 38 | +11.8% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Woodfin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodfin, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Woodfin in May 2024, up by 40.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 50% were sold at asking, and 14% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 65 Days | 35 Days | -45.1% |
Summary: Homes in Woodfin had an average of 35 days on market in May 2024, down by 45.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 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 May 2024, 14 homes were sold in Woodfin; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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