$10,000 Closing Credit*
$1,299,000
1,900 SqFt
2 Beds
•2 Full Baths
Listing Office: Tessier Associates
Is Downtown Asheville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Downtown Asheville was a Neutral Market.
Key Takeaway
Downtown Asheville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown Asheville, NC
How much do homes in Downtown Asheville, NC cost?
Median Sold Price
$649,500
$611/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$77,000(+13.4%)
Key Takeaway
Homes in Downtown Asheville have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Downtown Asheville was $649,500 in November 2024, up 13.4% from last year, and the median price per square foot was $611.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $486.2K | $487.5K | 0.3% |
| 2 Bedrooms | $725K | $812.5K | +12.1% |
| 3 Bedrooms | $1.2M | $1.2M | +4.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Downtown Asheville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown Asheville | $572.5K | $649.5K | +13.4% |
| Historic Montford | $698.7K | $732.5K | +4.8% |
Housing Supply in Downtown Asheville, NC
How many homes are available in Downtown Asheville, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 37 | +12.1% |
Summary: The Downtown Asheville real estate market had 37 homes for sale in November 2024, a 12.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 16 | +23.1% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Asheville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 10%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Asheville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Downtown Asheville in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown Asheville, NC
How long does it take to sell a home in Downtown Asheville, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 156 Days | +425.8% |
Summary: Homes in Downtown Asheville had an average of 156 days on market in Nov 2024, up by 425.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Downtown Asheville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Downtown Asheville; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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