Is Asheville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Asheville has remained a Seller's Market.
Key Takeaway
Asheville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Asheville, NC
How much do homes in Asheville, NC cost?
Median Sold Price
$487,985
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Asheville have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Asheville was $487,985 in March 2024, up 3.9% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $364K | $328.1K | -9.8% |
| 2 Bedrooms | $345K | $339.8K | -1.5% |
| 3 Bedrooms | $469.7K | $487.8K | +3.8% |
| 4 Bedrooms | $725K | $743.8K | +2.6% |
| 5+ Bedrooms | $1.1M | $992.5K | -9.8% |
Summary: Asheville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Biltmore Forest | $1.4M | $1.8M | +24.3% |
| Lower Hominy Township | $410.9K | $459K | +11.7% |
| Asheville | $469.7K | $487.9K | +3.9% |
| Asheville Township | $481.7K | $495.2K | +2.8% |
| Limestone Township | $500K | $449K | -10.2% |
Housing Supply in Asheville, NC
How many homes are available in Asheville, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 578 | 653 | +13.0% |
Summary: The Asheville real estate market had 653 homes for sale in March 2024, a 13.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 31 | +14.8% |
| 2 Bedrooms | 112 | 123 | +9.8% |
| 3 Bedrooms | 272 | 306 | +12.5% |
| 4 Bedrooms | 118 | 134 | +13.6% |
| 5+ Bedrooms | 49 | 59 | +20.4% |
Summary: The Asheville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 20.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 116 | 143 | +23.3% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Asheville, you may be able to get a good deal. 58% of homes here sold below asking price last month.
Summary: A total of 143 homes were sold or pending in Asheville in March 2024, up by 23.3% month-over-month. Of the 143 sold homes, 58% were sold under asking, 20% were sold at asking, and 22% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 54 Days | +22.7% |
Summary: Homes in Asheville had an average of 54 days on market in Mar 2024, up by 22.7% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Asheville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 143 homes were sold in Asheville; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
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