Biltmore Forest's real estate market is currently hot with low inventory and high demand. The median home price of $1,187,500 represents a substantial 28.4% increase from this time last year. At the current pace, all available homes in Biltmore Forest would sell out in just 1.4 months, indicating a continued supply shortage. Homes are now taking an average of 179 days to sell, significantly longer than the 21 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Biltmore Forest market with the affordability index at 4039.1. Based on current market indicators, home prices in Biltmore Forest are projected to increase by approximately 12.1% over the next month.