Biltmore Forest Housing Market Report December 2024•Buncombe County, North Carolina

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Housing Prices in Biltmore Forest, NC

How much do homes in Biltmore Forest, NC cost?

Housing Market Conditions

Is Biltmore Forest, 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

Biltmore Forest is a Seller's Market

Difference Since November 2024

Last month, Biltmore Forest was a Buyer's Market.

Insight

Biltmore Forest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$1,187,500$360/SqFt
-$12,500
-1.0%

Based on all homes sold in December 2024

Insight

Homes in Biltmore Forest have sold for 1% less than they did a month ago.

Summary: The median home sold price in Biltmore Forest was $1,187,500 in December 2024, down 1% from last month, and the median price per square foot was $360.

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.
BedsNov 2024Dec 2024Change MoM
1$1.2M-
N/A
5-$1.1M
N/A
2--
N/A
3--
N/A
4-$1.1M
N/A

Summary: Biltmore Forest housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 5 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change.

Housing supply in Biltmore Forest, NC

How many homes are available in Biltmore Forest, 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
14Last MonthDec 2024
152 months agoNov 2024
-6.7 %
Change MoMNov – Dec

Summary: The Biltmore Forest real estate market had 14 homes for sale in Dec 2024, a 6.7 % decrease compared to Nov 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
5Last MonthDec 2024
12 months agoNov 2024
+400.0 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
110
-100.0%
577
0.0%
200
0.0%
322
0.0%
455
0.0%

Summary: Biltmore Forest housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 5 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Biltmore Forest, 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 Price0 Home

Under Asking Price5 Homes

Insight

If you're buying a home in Biltmore Forest, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Biltmore Forest in December 2024, up by 400.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Biltmore Forest, NC

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

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days3 Homes

Insight

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

Summary: During December 2024, 5 homes were sold in Biltmore Forest; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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.
Last Month1 month agoChange MoM
108 DaysLast MonthDec 2024
182 Days1 month agoNov 2024
-40.4 %
Change MoMNov – Dec

Summary: Homes in Biltmore Forest had an average listing age of 108 days in Dec 2024, down by 40.4% compared to the previous month.

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Newest Listings in Biltmore Forest, NC

What homes are available in Biltmore Forest, NC?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Canopy MLS, for the period 11/01/2024 - 01/01/2025

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:51:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.