Is Flat Rock, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$585,445
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Flat Rock have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in Flat Rock was $585,445 in April 2024, down 8.7% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $164.8K | N/A |
| 2 Bedrooms | $429.4K | $395K | -8.0% |
| 3 Bedrooms | $658K | $625K | -5.0% |
| 4 Bedrooms | $748.3K | $664K | -11.3% |
| 5+ Bedrooms | $750K | $1.6M | +124.3% |
Summary: Flat Rock housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes increased by 124.3%.
Median Sold Price Compared To Nearby Cities
| Zirconia | $430.5K | $527.5K | +22.5% |
| Hendersonville | $375K | $439.8K | +17.3% |
| East Flat Rock | $305K | $331.2K | +8.6% |
| Hendersonville Township | $420K | $440.1K | +4.8% |
| Flat Rock | $641.5K | $585.4K | -8.7% |
Housing Supply in Flat Rock, NC
How many homes are available in Flat Rock, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 68 | +25.9% |
Summary: The Flat Rock real estate market had 68 homes for sale in April 2024, a 25.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 9 | +800.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 34 | 38 | +11.8% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Flat Rock housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 800%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flat Rock, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Flat Rock in April 2024, down by 15.4% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -21.3% |
Summary: Homes in Flat Rock had an average of 22 days on market in Apr 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were 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 April 2024, 11 homes were sold in Flat Rock; 82% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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