28712 Housing Market Report January 2025•Transylvania County, North Carolina

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Housing Prices in 28712, NC

How much do homes in 28712, NC cost?

Housing Market Conditions

Is 28712, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

28712 is a Buyer's Market

Difference Since January 2024

At the same time last year, 28712 was a Seller's Market.

Insight

28712 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$517,833$295/SqFt
+$47,833
+10.2%

Based on all homes sold in the last 12 months

Insight

Homes in 28712 have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in 28712 was $517,833 in January 2025, up 10.2% from last year, and the median price per square foot was $295.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
28747
+89.9%
28712
+10.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$265K$357.5K
+34.9%
2$374.5K$370K
-1.2%
3$510K$543.5K
+6.6%
4$670K$830K
+23.9%
5$625K$532.5K
-14.8%

Summary: 28712 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +34.9%. The home price for 2 bedroom homes decreased by -1.2%. The home price for 3 bedroom homes increased by +6.6%. The home price for 4 bedroom homes increased by +23.9%. The home price for 5 bedroom homes decreased by -14.8%.

Housing supply in 28712, NC

How many homes are available in 28712, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
115Last MonthJan 2025
1252 months agoDec 2024
-8.0 %
Change MoMDec – Jan

Summary: The 28712 real estate market had 115 homes for sale in Jan 2025, a 8.0 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
16Last MonthJan 2025
282 months agoDec 2024
-42.9 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
153
-40.0%
23532
-8.6%
35651
-8.9%
42121
0.0%
588
0.0%

Summary: 28712 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -40.0%. The inventory for 2 bedroom homes decreased by -8.6%. The inventory for 3 bedroom homes decreased by -8.9%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 28712, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price14 Homes

Insight

If you're buying a home in 28712, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 28712 in January 2025, down by 42.9% month-over-month. Of the 16 sold homes, 88% were sold under asking, 13% were sold at asking, and and 0% were sold over asking.

Days on Market for 28712, NC

How long does it take to sell a home in 28712, NC?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days5 Homes

Over 90 Days6 Homes

Insight

Most homes in 28712 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 16 homes were sold in 28712; 31% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
73 DaysThis YearJan 2025
58 Days1 year agoJan 2024
+25.0 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 28712 had an average listing age of 73 days in Jan 2025, up by 25.0% compared to the previous year.

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Newest Listings in 28712, NC

What homes are available in 28712, NC?

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Nearby markets

Popular Cities with Homes for Sale in North Carolina

MLS Disclaimers and Copyright

Based on information from Canopy MLS, Highlands Cashiers MLS, Multiple Listing Service of Spartanburg, and Greater Greenville MLS for the period 02/01/2023 - 02/01/2025

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Copyright © 2025 MLS GRID.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 1:21:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 1:15:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Spartanburg Association of REALTORS® Multiple Listing Service. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Spartanburg Association of REALTORS®. IDX information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 1:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listing provided courtesy of Greater Greenville Association of Realtors® Internet Data Exchange Database. © 2025 GGAR MLS.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GGAR MLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. GGAR MLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 1:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.