Is Asheville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$487,909
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Asheville was $487,909 in February 2024, up 3.8% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $356K | $345K | -3.1% |
2 Bedrooms | $345K | $339.8K | -1.5% |
3 Bedrooms | $470K | $488K | +3.8% |
4 Bedrooms | $730K | $727.4K | -0.3% |
5+ Bedrooms | $1.0M | $982.5K | -7.3% |
Summary: Asheville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
Lower Hominy Township | $406.4K | $445.7K | +9.7% |
Asheville | $469.9K | $487.9K | +3.8% |
Asheville Township | $477K | $494.5K | +3.7% |
Limestone Township | $500K | $443.8K | -11.2% |
Housing Supply in Asheville, NC
How many homes are available in Asheville, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
555 | 594 | +7.0% |
Summary: The Asheville real estate market had 594 homes for sale in February 2024, a 7.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 30 | +3.4% |
2 Bedrooms | 114 | 120 | +5.3% |
3 Bedrooms | 254 | 272 | +7.1% |
4 Bedrooms | 112 | 120 | +7.1% |
5+ Bedrooms | 46 | 52 | +13.0% |
Summary: The Asheville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
98 | 107 | +9.2% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 107 homes were sold or pending in Asheville in February 2024, up by 9.2% month-over-month. Of the 107 sold homes, 65% were sold under asking, 16% were sold at asking, and 19% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
61 Days | 53 Days | -13.0% |
Summary: Homes in Asheville had an average of 53 days on market in Feb 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During February 2024, 107 homes were sold in Asheville; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.