Asheville, NC
Housing Market
Asheville's housing market is dynamic, with home prices and demand constantly shifting. Houzeo's housing market report monitors these fluctuations, providing real-time insights into Asheville's supply and demand trends. Our report equips you with all the information you need to make well-informed decisions.
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Buy or SellAsheville Housing Market Overview
Asheville's housing market shows increasing demand for homes. The median home price is now at $547,000, up 25% year-over-year. Homes spend 88 days on the market, which indicates slow activity. A total of 82 homes were sold this month, which is a 10.8% increase from last year.
The Asheville real estate market offers a variety of inventory options, from craftsman bungalows in Montford to sleek new builds in South Slope. The city remains a top choice for buyers who seek a mild mountain climate and a thriving cultural scene. With its mix of outdoor adventure, local culture, and neighborhood charm, Asheville appeals to those looking for both lifestyle and lasting value in Western North Carolina.
The Asheville real estate market offers a variety of inventory options, from craftsman bungalows in Montford to sleek new builds in South Slope. The city remains a top choice for buyers who seek a mild mountain climate and a thriving cultural scene. With its mix of outdoor adventure, local culture, and neighborhood charm, Asheville appeals to those looking for both lifestyle and lasting value in Western North Carolina.
Median Sale Price
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Asheville Housing Supply
Asheville attracts both homebuyers and investors with its mountain views, vibrant culture, and strong sense of community. The total number of homes for sale in Asheville has reached 374, up 34.1% from last year. New listings have risen 21.2% year-over-year, with 120 homes entering the Asheville housing market. Inventory continues to grow, giving buyers more options.
Housing supply in Asheville shifts with the seasons. More homes typically hit the market in spring and summer, as sellers list before the school year begins. Buyers often act during these months to settle in their new homes before fall. Thanks to the rising inventory in Asheville, buyers can find room to negotiate. But before you make an offer, you should inspect homes carefully, and consider asking for seller concessions to help with costs.
Housing supply in Asheville shifts with the seasons. More homes typically hit the market in spring and summer, as sellers list before the school year begins. Buyers often act during these months to settle in their new homes before fall. Thanks to the rising inventory in Asheville, buyers can find room to negotiate. But before you make an offer, you should inspect homes carefully, and consider asking for seller concessions to help with costs.
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Asheville Housing Demand
The city's real estate market shows signs of softening demand. Only 9.8% of homes in Asheville, NC sell above list price, while 26.1% have seen price drops. The sale-to-list price ratio is 96.5%, which shows that most homes sell slightly below the asking price. This indicates that while some sellers still receive strong offers, many have to adjust their prices to meet current demand.
Sellers should price homes competitively from the start to avoid future reductions. Offering concessions can help close deals faster in this shifting market. Moreover, listing your home on the North Carolina MLS boosts visibility and draws more interest. Meanwhile, buyers in search of better deals can target homes that spend longer on the market, or have recently faced price drops. With inventory on the rise, you now have more choices and leverage.
Sellers should price homes competitively from the start to avoid future reductions. Offering concessions can help close deals faster in this shifting market. Moreover, listing your home on the North Carolina MLS boosts visibility and draws more interest. Meanwhile, buyers in search of better deals can target homes that spend longer on the market, or have recently faced price drops. With inventory on the rise, you now have more choices and leverage.
Homes Sold Above List Price
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Strong
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Balanced
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Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Asheville Market: When to Buy or Sell?
The real estate market in Ashville cycles through seasonal changes, much like the rest of the North Carolina housing market. Inventory usually rises in spring and summer, giving buyers more choices and increased negotiating power. These months are often the best time to buy, as more homes hit the market. On the other hand, fall and early winter see fewer listings and steady demand, which could favor sellers.
The balanced US housing market typically has 5-6 months of supply. If Asheville's supply climbs above that, buyers gain more negotiation leverage. If it drops below, sellers are poised to receive multiple offers and higher prices. Timing your move in line with these trends can yield better results, whether you're buying or selling.
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Frequently Asked Questions
How have Asheville home prices changed over the past year?
Over the past year, the median home price in Asheville has risen sharply. It now stands at $547,000, marking a 25% year-over-year increase. This strong growth reflects ongoing demand, though other market indicators point to a shift. If you're thinking about selling, use our free home value estimator to find your property's current value and price it competitively.
What are the Asheville housing market predictions for 2025?
The Asheville housing market is expected to remain steady in 2025, with moderate price changes as the market adjusts. The rising inventory and percentage of price drops suggest that drastic price increases are unlikely. However, Asheville's charming mountain-town appeal should continue to support the market in the long term.
What's the average home price in Asheville, NC?
The average home price in Asheville, North Carolina varies based on neighborhood, property type, and size. The median home price is $547,000, while condos typically average around $485,000. Luxury properties in areas like Biltmore Forest or Grove Park can easily exceed $1 million. If you're exploring different price ranges, browse homes for sale in Asheville to find the right fit for your budget and lifestyle.
When will the Asheville housing market crash?
A housing market crash in Asheville is unlikely. While home prices and demand may shift, especially during busy seasons like spring and summer, the market is expected to stay stable. Gradual changes are more likely through 2025, supported by strong long-term demand and the city's continued popularity.
Are housing prices going down in Asheville, NC?
No. In fact, home prices in Asheville, NC have risen 25% from last year and 8.3% from last month. With growing inventory and slowing sales, prices continue to trend upward.
Where Can I Check Asheville Housing Market Trends?
The Asheville housing market changes seasonally, with shifts in demand, pricing, and competition. Homes are spending more time on the market, and price drops are becoming more common. If you're planning to buy or sell, check the latest Asheville housing trends to choose the right time to make a move.
How to buy a home in Asheville, North Carolina?
Buying a home in Asheville starts with setting a budget and getting pre-approved for a mortgage. Next, buyers should search for houses for sale in Asheville, submit offers, secure financing, and complete the closing process.
How can I list Asheville houses for sale?
You can list your home for sale with a Flat Fee MLS North Carolina listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location.
What is the average mortgage rate for buyers in Asheville?
The average mortgage rate for buyers in Asheville currently fluctuates between 6% and 6.8%, in line with national trends. Actual rates depend on market conditions and the buyer's credit score. Always verify rates with multiple lenders before you apply for a loan.
What is the cost of living in Asheville, NC?
Asheville's cost of living is 1% lower than the national average but 4% higher than the state average. Housing is a major expense, with the median home price at $547,000. Essentials like food, clothing, and groceries cost slightly less than the national average.
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