Is Buncombe County, 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, Buncombe County has remained a Seller's Market.
Housing Prices in Buncombe County, NC
How much do homes in Buncombe County, NC cost?
Median Sold Price
$475,262
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Buncombe County was $475,262 in May 2024, up 5.6% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $355.5K | $309K | -13.1% |
2 Bedrooms | $330K | $341K | +3.4% |
3 Bedrooms | $445.7K | $474.6K | +6.5% |
4 Bedrooms | $675.4K | $729.9K | +8.1% |
5+ Bedrooms | $935K | $992.5K | +6.1% |
Summary: Buncombe County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Counties
Haywood County | $340K | $375.1K | +10.3% |
Henderson County | $420.7K | $450.7K | +7.1% |
Madison County | $400K | $425K | +6.3% |
Yancey County | $330K | $350K | +6.1% |
Buncombe County | $450.1K | $475.2K | +5.6% |
Housing Supply in Buncombe County, NC
How many homes are available in Buncombe County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,302 | 1,469 | +12.8% |
Summary: The Buncombe County real estate market had 1,469 homes for sale in May 2024, a 12.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 41 | 47 | +14.6% |
2 Bedrooms | 206 | 223 | +8.3% |
3 Bedrooms | 666 | 744 | +11.7% |
4 Bedrooms | 277 | 314 | +13.4% |
5+ Bedrooms | 112 | 141 | +25.9% |
Summary: The Buncombe County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 25.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
290 | 295 | +1.7% |
Asking Price vs. Sold Price
139 Homes Were Sold
Under Asking
69 Homes Were Sold
At Asking
87 Homes Were Sold
Over Asking
Summary: A total of 295 homes were sold or pending in Buncombe County in May 2024, up by 1.7% month-over-month. Of the 295 sold homes, 47% were sold under asking, 23% were sold at asking, and 29% were sold over asking.
Days on Market for Buncombe County, NC
How long does it take to sell a home in Buncombe County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 34 Days | +8.4% |
Summary: Homes in Buncombe County had an average of 34 days on market in May 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
209 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Summary: During May 2024, 295 homes were sold in Buncombe County; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.