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Is Bakersville, NC 28705 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Bakersville is a buyer’s market. With about 16.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply16.9Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list92.8%Sold price ÷ list price
Median days on market94Listing to accepted offer
Median price per sq ft$186▼ −1.0% vs. last year

The Bakersville housing market right now

In the three months ending August 31, 2026, 0% of homes in Bakersville, NC 28705 sold above their list price, the typical home went under contract in 94 days and there were 16.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 7%, homes sold more slowly (70 days then) and the median sale price rose 2% to $299,870. Overall, Bakersville is less competitive than a year ago, which gives buyers more room.

Run the numbers for 28705

Prefilled for 28705Can I win this house?Multiple-offer likelihood for a listing Prefilled for 28705Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Spruce Pine 28777Balanced $186 /sq ft Browse all markets →

Towns like Bakersville nearby

Find towns like Bakersville in other states →
Spruce Pine, NC28777 · 10 miles away93% similarlarger Bluff City, TN37618 · 31 miles away89% similarcheaper homes ($32K less) · larger Blountville, TN37617 · 37 miles away89% similarpricier homes ($27K more) · larger Greeneville, TN37745 · 39 miles away89% similarlarger

Where Bakersville is

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Questions about Bakersville real estate

Is Bakersville a buyer’s or seller’s market?

A buyer’s market: there were 16.9 months of supply in Bakersville, NC 28705 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Bakersville?

The typical home went under contract in 94 days in the latest three months.

Do homes in Bakersville sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 92.8% of the list price.

What are property taxes in Bakersville?

About 0.52% of a home’s value a year in Mitchell County, or roughly $2,080 on a $400,000 home.

What is the median home price in Bakersville?

The median sale price was $299,870 in the three months ending August 31, 2026, about $186 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology