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Alexander Farms Alexander Ridge Bear Creek Hills Bear Crk Trails Blue Mist Farms Caty Acres Davis Hollow Jackson Cove Lawson Ridge Leicester Leicester Village Little, Clarence Millard Cove Moore's Valley Mount Carmel Commercial Center Mount Soma Estates Mountain Housing Opportunties Oak Grove Plantation Oak Knolls Estates Ridge Ridgeview Meadows Ross, Thomas J Sandy Mush Serenity Forest Timber Ridge Trinity Baptist Church Whisper Mountain

LEICESTER, NC 28748

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 28748

Alexander Farms · Alexander Ridge · Bear Creek Hills · Bear Crk Trails · Blue Mist Farms · Caty Acres · Davis Hollow · Jackson Cove · Lawson Ridge · Leicester · Leicester Village · Little, Clarence · Millard Cove · Moore's Valley · Mount Carmel Commercial Center · Mount Soma Estates · Mountain Housing Opportunties · Oak Grove Plantation · Oak Knolls Estates · Ridge · Ridgeview Meadows · Ross, Thomas J · Sandy Mush · Serenity Forest · Timber Ridge · Trinity Baptist Church · Whisper Mountain

Market Analysis

Data as of February 2026. Source: Realtor.com.

The LEICESTER, NC real estate market (28748) currently shows 56 active listings, with 15 pending sales. Homes are averaging 106 days on the market before going under contract.

Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 106 days on market compared to 68 days last year.

The median listing price has fallen 0.2% year-over-year, from $649,975 to $648,750.

Whether you are buying or selling in LEICESTER, NC, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 13,049  ·  Density: 54.7/mi²  ·  Median household income: $60,041

Typical home value: $259,581  ·  Homeownership: 73.3%

Market Overview

Active Listings
56
⇧ 40% vs 40 last year
Pending
15
27% pending ratio
Median Price
$648,750
⇩ 0.2% vs $649,975 last year
Average Price
$700,519
⇩ 22.4% vs $903,137 last year
Days on Market
106
⇧ 55.9% vs 68 days last year

Price Per Square Foot

Median $/sqft
$280
⇩ 11.1% vs $315/sqft last year
Median Home Size
2,095 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 56 this year vs 40 last year
  • Days on market: 106 now vs 68 last year

Median & Average Pricing

Year over Year
  • Median: $648,750 (-0.2% YoY)
  • Average: $700,519 (-22.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.2 miles — 1,107 listings ($944,388,060 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
28748Leicester, NC 287480.0 mi60$38,424,540$585,000$640,409
28721Clyde, NC 287219.7 mi65$33,068,750$410,000$508,750
28715Candler, NC 2871510.2 mi117$75,390,939$499,000$644,367
28801Asheville, NC 2880112.1 mi102$106,552,668$861,950$1,044,634
28787Weaverville, NC 2878714.2 mi101$71,249,844$525,000$705,444
28753Marshall, NC 2875315.4 mi56$43,119,328$452,000$769,988
28803Asheville, NC 2880316.1 mi219$234,888,669$579,000$1,072,551
28704Arden, NC 2870417.0 mi133$160,766,809$630,000$1,208,773
28786Waynesville, NC 2878618.6 mi150$97,594,800$449,000$650,632
28778Swannanoa, NC 2877820.0 mi42$21,000,378$472,500$500,009
28759Mills River, NC 2875921.2 mi51$55,724,385$724,450$1,092,635
28709Barnardsville, NC 2870921.3 mi7$3,963,050$632,500$566,150
37753Hartford, TN 3775322.2 mi4$2,643,900$312,500$660,975

Frequently Asked Questions

How many homes are for sale in LEICESTER, NC 28748?

As of February 2026, there are 56 active listings in LEICESTER, NC (zip code 28748), compared to 40 the prior year.

What is the median home price in LEICESTER, NC 28748?

The median listing price in LEICESTER, NC 28748 is $648,750 as of February 2026, a 0.2% decrease from $649,975 the prior year.

How long do homes stay on the market in LEICESTER, NC?

Homes in LEICESTER, NC 28748 spend an average of 106 days on the market before going under contract, compared to 68 days the prior year.

Is it a seller's or buyer's market in LEICESTER, NC 28748?

Based on current inventory and days-on-market data as of February 2026, LEICESTER, NC 28748 is currently a Buyer's Market. Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 106 days on market compared to 68 days last year.

How much can I save on real estate commission in LEICESTER, NC?

With SELL123.com's maximum 3% commission, sellers in LEICESTER, NC 28748 save an estimated $12,975 compared to a typical 5% commission on the median listing price of $648,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.