Is Balsam, NC 28707 a buyer’s or seller’s market?
Balsam is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Balsam housing market right now
In the three months ending August 31, 2026, 0% of homes in Balsam, NC 28707 sold above their list price, the typical home went under contract in 98 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Within Jackson County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Whittier 28789 (13% sold over asking) and Cullowhee 28723 (10% sold over asking) are even more competitive.
Run the numbers for 28707
Nearby markets
Cashiers 28717Buyer’s market $615 /sq ftCullowhee 28723Buyer’s market $366 /sq ftGlenville 28736Buyer’s market $373 /sq ftSylva 28779Buyer’s market $232 /sq ft Browse all markets →Where Balsam is
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Questions about Balsam real estate
Is Balsam a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Balsam, NC 28707 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 Balsam?
The typical home went under contract in 98 days in the latest three months.
Do homes in Balsam sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 89.6% of the list price.
What are property taxes in Balsam?
About 0.34% of a home’s value a year in Jackson County, or roughly $1,360 on a $400,000 home.
What is the median home price in Balsam?
The median sale price was $559,758 in the three months ending August 31, 2026, about $261 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