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Brevard, NC housing market

The Brevard housing market isn’t that competitive. The median home sales price in January 2025 has decreased in the past 3 months to $431,250. That’s down 36.1% and $243,750 lower than January 2024 of last year. That is lower than the North Carolina state median home sales price of $367,600. Homes typically sell after 111 days on market, which is slower than the state average and higher than 60 days in January 2024 a year prior.

Housing market overview for

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Trended Median Home Values
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  • 5 year

How much do homes in Brevard, NC cost?

The median home price in Brevard was $431,250 in January 2025, down 36.1% from last year.

January's median sale price
$431K
Caret DownDown $244K and 36.1% since Jan 2024
Trended Homes Inventory
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How many homes are available in Brevard, NC?

The real estate market in Brevard had 33 homes for sale in January and is down from 42 homes for sale the month prior and up from 29 homes in January 2024.

Homes for sale in January
33
Caret UpUp 4 and 13.8% since Jan 2024
Trended Homes Sold
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  • 3 year

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How many homes are sold in Brevard, NC?

There were 10 homes sold in January 2025, trending up from 7 homes sold a year ago.

Homes sold in January
10
Caret UpUp 3 and 42.9% since Jan 2024
Trended Median Days on Market
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How long does it take to sell a home in Brevard, NC?

Homes in Brevard are staying on the market for 111 days. That’s 51 days slower than the median in January 2024, which means that the market is less competitive today.

Median days on market in January
111
Caret UpUp 51 and 85% since Jan 2024

Is it a buyer’s or seller’s market in Brevard, NC?

It is considered a seller’s market right now. Housing inventory is up since last year, which means supply is less constrained. Mortgage rates are 6.9%, making the average house payment $2,933, which is $1.8K lower than a year before.

Total months of housing supply available for sale is 3.3 months, down 54.2% from 7.2 month(s) in January 2024.

Months of Supply

The Months of Supply housing metric is an estimate of how long it would take to sell all the homes for sale relative to the number of homes sold each month. Historically, 5 to 6 months is the average. You may also hear this metric referred to as the "absorption rate."

Lower months of housing supply typically signal a seller’s market whereas when months of supply is greater than 6 months typically signal a buyer’s market.

Sales to Listing Ratio

Sales to Listing Ratios are an indicator of supply and demand. It is all the completed sales in the past month divided by the total number of active listings.

In a balanced real estate market, the total number of home sales to active listings ratio is between 0.12 and 0.2 while markets with a ratio higher than 0.2 favors seller’s, as homes are selling fast and there is limited inventory, while markets below 0.12 favor home buyers because there is a larger supply of homes to purchase.

Selling a house in Brevard, NC

Home values have decreased by 37.3% since last year, and the number of days it takes to sell a home has increased from 83 days in January 2024 to 111 days in January 2025.

The best time to sell your home in Brevard is in June, when homes sell fastest and for the most money.

Sellers typically pay the commission of both the listing and buyer’s agents, which typically total 5-6% of the home sale price. That’s $25,875 paid in commission to the real estate agents. You’d also need to factor in closing costs, plus other fees and your mortgage payoff amount, to calculate the net proceeds from your home sale.

Buying a house in Brevard, NC

Homes in Brevard have a median price of $431,250, which means you’ll need $43,125 for a 10% down payment. Housing costs have decreased 37.3% in the past year. When you’re several months out and have your down payment saved, make sure to get pre-approved for a mortgage and find a real estate agent.

Home values are only one part of the home affordability equation. When buying a house in Brevard, don’t forget to also account for closing costs, which are typically 3-4% of the home cost. In addition to a down payment of $43,125 you should have $17,250 as well as budget for cash reserves, moving expenses and ongoing homeownership costs for home maintenance and repairs or HOA fees.

Brevard home values are 13% more expensive than Hendersonville and 14.8% more expensive than the state median home value.

How does the Brevard real estate market compare to other markets?

The Brevard real estate market has a median sale price of $431,250, which is 14.8% higher than the state median sale price of $367,600. Compare other markets or nearby cities, as they can vary significantly.

Brevard, NC
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Hendersonville, NC
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North Carolina
Median home saleMedian home saleMedian home sale
$431,250$375,000$367,600
Days on marketDays on marketDays on market
11110463
Monthly house payment
Monthly house payment
Monthly house payment
$2,933$2,559$2,509
Cost to buy a house
Cost to buy a house
Cost to buy a house
$60,375$52,500$51,464
Cost to sell a house
Cost to sell a house
Cost to sell a house
$30,187$26,250$25,732

Take the next step in Brevard: Find an agent

Navigating the Brevard housing market can be tricky, but you don’t have to go it alone. When you're ready to learn more, reach out to a local Brevard real estate agent to get the process started. We recommend interviewing multiple candidates and coming prepared with a list of all your questions.

Brevard, NC housing market FAQs

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