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BALSAM GROVE, NC 28708

Real Estate Market Report  ·  Transylvania County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The BALSAM GROVE, NC real estate market (28708) currently shows 3 active listings, with 2 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 57 days on market compared to 243 days last year.

The median listing price has fallen 23.5% year-over-year, from $595,000 to $455,225.

Whether you are buying or selling in BALSAM GROVE, NC, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 220  ·  Density: 1.8/mi²  ·  Median household income: $41,429

Typical home value: $0  ·  Homeownership: 95.5%

Market Overview

Active Listings
3
⇧ 200% vs 1 last year
Pending
2
67% pending ratio
Median Price
$455,225
⇩ 23.5% vs $595,000 last year
Average Price
$455,225
⇩ 23.5% vs $595,000 last year
Days on Market
57
⇩ 76.5% vs 243 days last year

Price Per Square Foot

Median $/sqft
$342
⇧ 15.9% vs $295/sqft last year
Median Home Size
1,358 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 1 last year
  • Days on market: 57 now vs 243 last year

Median & Average Pricing

Year over Year
  • Median: $455,225 (-23.5% YoY)
  • Average: $455,225 (-23.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.0 miles — 1,049 listings ($1,012,133,603 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
28708Balsam Grove, NC 287080.0 mi4$1,665,000$412,750$416,250
28768Pisgah Forest, NC 287688.8 mi37$34,206,389$586,000$924,497
28783Tuckasegee, NC 287839.2 mi26$22,149,296$555,500$851,896
28716Canton, NC 2871611.4 mi93$50,328,252$417,000$541,164
28736Glenville, NC 2873614.1 mi31$55,280,068$1,708,750$1,783,228
28774Sapphire, NC 2877414.8 mi87$110,148,960$750,000$1,266,080
28718Cedar Mountain, NC 2871814.8 mi8$6,593,000$375,000$824,125
28786Waynesville, NC 2878615.2 mi151$95,665,446$449,000$633,546
28739Hendersonville, NC 2873917.9 mi187$123,483,954$549,950$660,342
28715Candler, NC 2871518.6 mi114$72,856,602$499,450$639,093
28717Cashiers, NC 2871719.2 mi65$185,924,375$2,217,500$2,860,375
28779Sylva, NC 2877920.6 mi109$84,535,059$499,000$775,551
28704Arden, NC 2870421.0 mi137$169,297,202$645,125$1,235,746

Frequently Asked Questions

How many homes are for sale in BALSAM GROVE, NC 28708?

As of March 2026, there are 3 active listings in BALSAM GROVE, NC (zip code 28708), compared to 1 the prior year.

What is the median home price in BALSAM GROVE, NC 28708?

The median listing price in BALSAM GROVE, NC 28708 is $455,225 as of March 2026, a 23.5% decrease from $595,000 the prior year.

How long do homes stay on the market in BALSAM GROVE, NC?

Homes in BALSAM GROVE, NC 28708 spend an average of 57 days on the market before going under contract, compared to 243 days the prior year.

Is it a seller's or buyer's market in BALSAM GROVE, NC 28708?

Based on current inventory and days-on-market data as of March 2026, BALSAM GROVE, NC 28708 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 57 days on market compared to 243 days last year.

How much can I save on real estate commission in BALSAM GROVE, NC?

With SELL123.com's maximum 3% commission, sellers in BALSAM GROVE, NC 28708 save an estimated $9,105 compared to a typical 5% commission on the median listing price of $455,225. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.