Is Cedar Mountain, NC 28718 a buyer’s or seller’s market?
Cedar Mountain is a buyer’s market. With about 35.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Cedar Mountain housing market right now
In the three months ending August 31, 2026, 0% of homes in Cedar Mountain, NC 28718 sold above their list price, the typical home went under contract in 127 days and there were 35.2 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.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (129 days then) and the median sale price rose 67% to $310,366. Overall, Cedar Mountain is about as competitive as it was a year ago.
Within Transylvania County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Rosman 28772 (25% sold over asking) and Brevard 28712 (6% sold over asking) are even more competitive.
Run the numbers for 28718
Nearby markets
Balsam Grove 28708 — /sq ftBrevard 28712Balanced $299 /sq ftLake Toxaway 28747Buyer’s market $368 /sq ftPenrose 28766Buyer’s market $252 /sq ft Browse all markets →Where Cedar Mountain is
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Questions about Cedar Mountain real estate
Is Cedar Mountain a buyer’s or seller’s market?
A buyer’s market: there were 35.2 months of supply in Cedar Mountain, NC 28718 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 Cedar Mountain?
The typical home went under contract in 127 days in the latest three months.
Do homes in Cedar Mountain sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.3% of the list price.
What are property taxes in Cedar Mountain?
About 0.45% of a home’s value a year in Transylvania County, or roughly $1,800 on a $400,000 home.
What is the median home price in Cedar Mountain?
The median sale price was $310,366 in the three months ending August 31, 2026, about $147 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