Market report, updated

Penrose Home Values and Market Report

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Report prepared by ashevilleluxurybrokers.com

Market at a glance

Over the last 12 months, homes sold for 93.5% of list price in 216 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $774K Sold · $842K
$870K$600K$330K$60K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 3 sales in Nov. Last month: 0.

Where the market stands

All homes in this report, by status.

39homes
Active18 · 46%
Sold (12 mo)21 · 54%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

12.0months of inventory
Seller's, under 4BalancedBuyer's, over 6

Buyers have room to negotiate in this market.

Average price by status

Active$311K
Sold$368K

Average days on market

Active606 days
Sold216 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 18
Average list price $310,666
Avg. days on market 606 days
Avg. price per ft² Not enough data
Avg. living area Not enough data
Avg. beds / baths Not enough data

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

Not enough data to chart this.

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

Not enough data to chart this.

Highest price per ft²

Top 7 homes in this status.

146 Cliff Road$426
574 Whitener Road$299
202 Morgan Drive$285
376 Stoney Brook Road$285
265 Raven Top Drive$237
192 Lady Bug Lane$205
94 Paradise Cove Road$139

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
574 Whitener RoadPenrose, NC 28766 322,268$680,000$29911 days
000 Bulling Creek RoadPenrose, NC 28766 ———$379,000—31 days
265 Raven Top DrivePenrose, NC 28766 331,971$469,000$23741 days
202 Morgan DrivePenrose, NC 28766 432,885$825,000$28555 days
62 Kinard LanePenrose, NC 28766 321,960$234,900$11975 days
Morgan DrivePenrose, NC 28766 ———$399,000—78 days
TBD Parkway View Lane Unit #L1Penrose, NC 28766 ———$60,000—85 days
146 Cliff RoadPenrose, NC 28766 321,403$599,000$426108 days
192 Lady Bug LanePenrose, NC 28766 221,070$219,900$205113 days
94 Paradise Cove RoadPenrose, NC 28766 344,260$595,000$139130 days
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Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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“The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Real Estate Company nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2026 Carolina Multiple Listing Services, Inc.”