Is Asheville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Asheville has remained a Seller's Market.
Housing Prices in Asheville, NC
How much do homes in Asheville, NC cost?
Median Sold Price
$486,258
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Asheville was $486,258 in May 2024, up 5.6% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $364K | $314.6K | -13.6% |
2 Bedrooms | $339.3K | $339.5K | 0.1% |
3 Bedrooms | $467K | $483.7K | +3.6% |
4 Bedrooms | $737.3K | $734.3K | -0.4% |
5+ Bedrooms | $1.0M | $1.0M | +5.4% |
Summary: Asheville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
Biltmore Forest | $1.6M | $1.8M | +12.1% |
Lower Hominy Township | $412.2K | $460.9K | +11.8% |
Asheville | $460.4K | $486.2K | +5.6% |
Asheville Township | $478.7K | $495.9K | +3.6% |
Limestone Township | $503K | $473.2K | -5.9% |
Housing Supply in Asheville, NC
How many homes are available in Asheville, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
700 | 792 | +13.1% |
Summary: The Asheville real estate market had 792 homes for sale in May 2024, a 13.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 32 | 38 | +18.8% |
2 Bedrooms | 126 | 136 | +7.9% |
3 Bedrooms | 326 | 354 | +8.6% |
4 Bedrooms | 154 | 182 | +18.2% |
5+ Bedrooms | 62 | 82 | +32.3% |
Summary: The Asheville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 32.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
156 | 166 | +6.4% |
Asking Price vs. Sold Price
82 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Summary: A total of 166 homes were sold or pending in Asheville in May 2024, up by 6.4% month-over-month. Of the 166 sold homes, 49% were sold under asking, 24% were sold at asking, and 27% were sold over asking.
Days on Market for Asheville, NC
How long does it take to sell a home in Asheville, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 35 Days | +10.1% |
Summary: Homes in Asheville had an average of 35 days on market in May 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
114 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During May 2024, 166 homes were sold in Asheville; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.