French Broad Township Housing Market Report March 2025•Buncombe County, North Carolina

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Housing Prices in French Broad Township, NC

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

Housing Market Conditions

Is French Broad 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

French Broad Township is a Buyer's Market

Difference Since March 2024

At the same time last year, French Broad Township was a Neutral Market.

Insight

French Broad 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.
$442,750$261/SqFt
-$450
-0.1%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in French Broad Township has remained the same since last year.

Summary: The median home sold price in French Broad Township was $442,750 in March 2025, down 0.1% from last year, and the median price per square foot was $261.

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
Leicester Township
+13.0%
Woodfin
+11.1%
Alexander
+8.7%
French Broad Township
-0.1%
Reems Creek Township
-6.8%

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.
BedsMar 2024Mar 2025Change YoY
1--
N/A
2$341K$362.5K
+6.3%
3$428K$443K
+3.5%
4$639K$549K
-14.1%
5$1.1M$762.5K
-31.6%

Summary: French Broad Township housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +6.3%. The home price for 3 bedroom homes increased by +3.5%. The home price for 4 bedroom homes decreased by -14.1%. The home price for 5 bedroom homes decreased by -31.6%.

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

Market comparison tool

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

French Broad Township, NC

Housing supply in French Broad Township, NC

How many homes are available in French Broad 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
56Last MonthMar 2025
452 months agoFeb 2025
+24.4 %
Change MoMFeb – Mar

Summary: The French Broad Township real estate market had 56 homes for sale in Mar 2025, a 24.4 % increase compared to Feb 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
7Last MonthMar 2025
22 months agoFeb 2025
+250.0 %
Change MoMFeb – Mar

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.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
2810
+25.0%
33038
+26.7%
413
+200.0%
565
-16.7%

Summary: French Broad Township housing inventory by bedroom type for March 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 increased by +26.7%. The inventory for 4 bedroom homes increased by +200.0%. The inventory for 5 bedroom homes decreased by -16.7%.

Asking Price vs. Sold Price

How much do homes in French Broad 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 Price1 Home

At Asking Price1 Home

Under Asking Price5 Homes

Insight

If you're buying a home in French Broad Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in French Broad Township in March 2025, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and and 14% were sold over asking.

Days on Market for French Broad Township, NC

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

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days5 Homes

Insight

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

Summary: During March 2025, 7 homes were sold in French Broad Township; 14% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 71% 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
219 DaysThis YearMar 2025
42 Days1 year agoMar 2024
+417.7 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in French Broad Township had an average listing age of 219 days in Mar 2025, up by 417.7% compared to the previous year.

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Newest Listings in French Broad Township, NC

What homes are available in French Broad Township, NC?

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MLS Disclaimers and Copyright

Based on information from Canopy MLS, for the period 04/01/2023 - 04/01/2025

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

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Last updated on: 4/10/2025, 3:21:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.