Broad River Township Housing Market Report February 2025•Buncombe County, North Carolina

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Housing Prices in Broad River Township, NC

How much do homes in Broad River Township, NC cost?

Housing Market Conditions

Is Broad River Township, 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

Broad River Township is a Buyer's Market

Difference Since February 2024

At the same time last year, Broad River Township was a Seller's Market.

Insight

Broad River Township 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.
$510,339$314/SqFt
+$45,339
+9.8%

Based on all homes sold in the last 12 months

Insight

Homes in Broad River Township have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Broad River Township was $510,339 in February 2025, up 9.8% from last year, and the median price per square foot was $314.

Median Sold Price By Cities

Median Sold Price By Cities
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
Broad River Township
+9.8%
Black Mountain Township
+8.3%
Fairview
+4.1%
Fairview Township
+2.1%

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.
BedsFeb 2024Feb 2025Change YoY
1$345K-
N/A
2$432.5K$428K
-1.0%
3$475K$582.5K
+22.6%
4$800K$1.3M
+67.8%
5$3.0M-
N/A

Summary: Broad River Township housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -1.0%. The home price for 3 bedroom homes increased by +22.6%. The home price for 4 bedroom homes increased by +67.8%. The home price for 5 bedroom homes did not change.

How does Broad River Township, NC compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Broad River Township, NC

Housing supply in Broad River Township, NC

How many homes are available in Broad River Township, 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
9Last MonthFeb 2025
92 months agoJan 2025
0.0 %
Change MoMJan – Feb

Summary: The Broad River Township real estate market had 9 homes for sale in Feb 2025, the same as Jan 2025

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
1Last MonthFeb 2025
22 months agoJan 2025
-50.0 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
100
0.0%
245
+25.0%
344
0.0%
410
-100.0%
500
0.0%

Summary: Broad River Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +25.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -100.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Broad River Township, 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 Price1 Home

Insight

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

Summary: A total of 1 homes were sold or pending in Broad River Township in February 2025, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Broad River Township, NC

How long does it take to sell a home in Broad River Township, NC?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

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

Summary: During February 2025, 1 homes were sold in Broad River Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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
494 DaysThis YearFeb 2025
95 Days1 year agoFeb 2024
+420.0 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Broad River Township had an average listing age of 494 days in Feb 2025, up by 420.0% compared to the previous year.

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Newest Listings in Broad River Township, NC

What homes are available in Broad River Township, NC?

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MLS Disclaimers and Copyright

Based on information from Canopy MLS, for the period 03/01/2023 - 03/01/2025

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

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Last updated on: 3/14/2025, 11:51:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.