Is Balsam Grove, NC 28708 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Balsam Grove is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Balsam Grove housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Transylvania County, NC

Population	456
Median income	$70,435
Average income	$80,175
Median home value	$242,900
Owner-occupied	97% of homes
Median year built	1989

Natural hazard riskLow for the hazards we track

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 28708; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 28708

Prefilled for 28708Can I win this house?Multiple-offer likelihood for a listing Prefilled for 28708Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Brevard 28712Balanced $299 /sq ft Cedar Mountain 28718Buyer’s market $147 /sq ft Lake Toxaway 28747Buyer’s market $368 /sq ft Penrose 28766Buyer’s market $252 /sq ft Browse all markets →

Where Balsam Grove is

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Questions about Balsam Grove real estate

What are property taxes in Balsam Grove?

About 0.45% of a home’s value a year in Transylvania County, or roughly $1,800 on a $400,000 home.

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More tools for 28708

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Transylvania County property taxes Transylvania County loan limits Closing costs in North Carolina Hottest ZIP codes in North Carolina

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