Is Sapphire, NC 28774 a buyer’s or seller’s market?
Sapphire is a buyer’s market. With about 8.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 1% of U.S. ZIP codes, and #419 of 424 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Sapphire housing market right now
In the three months ending August 31, 2026, 0% of homes in Sapphire, NC 28774 sold above their list price, the typical home went under contract in 104 days and there were 8.3 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 47 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 5%, homes sold more slowly (58 days then) and the median sale price rose 4% to $744,678. Overall, Sapphire is less competitive than a year ago, which gives buyers more room.
Within Transylvania 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. On our competition score, Sapphire ranks #419 of 424 NC ZIP codes with enough sales (score 4 out of 100).
Nearby, Rosman 28772 (25% sold over asking) and Brevard 28712 (6% sold over asking) are even more competitive.
Run the numbers for 28774
Nearby markets
Balsam Grove 28708 — /sq ftBrevard 28712Balanced $299 /sq ftCedar Mountain 28718Buyer’s market $147 /sq ftLake Toxaway 28747Buyer’s market $368 /sq ft Browse all markets →Towns like Sapphire nearby
Find towns like Sapphire in other states →Where Sapphire is
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Questions about Sapphire real estate
Is Sapphire a buyer’s or seller’s market?
A buyer’s market: there were 8.3 months of supply in Sapphire, NC 28774 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 Sapphire?
The typical home went under contract in 104 days in the latest three months.
Do homes in Sapphire sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.4% of the list price.
What are property taxes in Sapphire?
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 Sapphire?
The median sale price was $744,678 in the three months ending August 31, 2026, about $399 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