Is Flat Rock, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Flat Rock was a Seller's Market.
Key Takeaway
Flat Rock 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 Flat Rock, NC
How much do homes in Flat Rock, NC cost?
Median Sold Price
$570,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Flat Rock have sold for 10.9% less than they did a year ago.
Summary: The median home sold price in Flat Rock was $570,000 in May 2024, down 10.9% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $174.6K | N/A |
| 2 Bedrooms | $410K | $415.5K | +1.3% |
| 3 Bedrooms | $634.6K | $638.9K | +0.7% |
| 4 Bedrooms | $748.3K | $651.4K | -13.0% |
| 5+ Bedrooms | $1.5M | $1.3M | -13.9% |
Summary: Flat Rock 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 1.3%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Zirconia | $410K | $485K | +18.3% |
| Hendersonville | $379.9K | $441.6K | +16.2% |
| Hendersonville Township | $413.3K | $444.6K | +7.6% |
| Flat Rock | $640K | $570K | -10.9% |
Housing Supply in Flat Rock, NC
How many homes are available in Flat Rock, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 80 | +19.4% |
Summary: The Flat Rock real estate market had 80 homes for sale in May 2024, a 19.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 37 | 50 | +35.1% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Flat Rock 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 35.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Flat Rock, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Flat Rock in May 2024, down by 14.3% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Flat Rock, NC
How long does it take to sell a home in Flat Rock, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 107 Days | 36 Days | -65.8% |
Summary: Homes in Flat Rock had an average of 36 days on market in May 2024, down by 65.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Flat Rock are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Flat Rock; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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