Is Blue Ridge Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blue Ridge Township is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Blue Ridge Township was a Seller's Market.

Key Takeaway

Blue Ridge Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Blue Ridge Township, NC

How much do homes in Blue Ridge Township, NC cost?

Median Sold Price

$433,390

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$3,110(-0.7%)

Key Takeaway

Homes in Blue Ridge Township have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in Blue Ridge Township was $433,390 in May 2024, down 0.7% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $302.3K$275K
-9.0%
2 $375K$425K
+13.3%
3 $400K$436.6K
+9.2%
4 $475K$532.6K
+12.1%
5+ $603.8K$790K
+30.8%

Summary: Blue Ridge Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 30.8%.

Median Sold Price Compared To Nearby Cities

Hendersonville
+16.2%
Saluda Township
+3.8%
Clear Creek Township
+1.9%
Blue Ridge Township
-0.7%

Housing Supply in Blue Ridge Township, NC

How many homes are available in Blue Ridge Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4560+33.3%

Summary: The Blue Ridge Township real estate market had 60 homes for sale in May 2024, a 33.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 2844
+57.1%
4 66
0.0%
5+ 22
0.0%

Summary: The Blue Ridge 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 decreased by 11.1%, 3 bedroom homes increased by 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blue Ridge Township, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Blue Ridge Township in May 2024, up by 25.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 0% were sold at asking, and 30% were sold over asking.

Days on Market for Blue Ridge Township, NC

How long does it take to sell a home in Blue Ridge Township, NC?

Average Sale Time

May 2023May 2024CHANGE
106 Days34 Days-67.3%

Summary: Homes in Blue Ridge Township had an average of 34 days on market in May 2024, down by 67.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Blue Ridge Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 10 homes were sold in Blue Ridge Township; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Blue Ridge Township, NC

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