Is Asheville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$488,117
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Asheville have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Asheville was $488,117 in April 2024, up 5.8% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365.9K | $331.5K | -9.4% |
| 2 Bedrooms | $340K | $339.9K | 0% |
| 3 Bedrooms | $465.6K | $495K | +6.3% |
| 4 Bedrooms | $725.6K | $737.4K | +1.6% |
| 5+ Bedrooms | $1.0M | $1.0M | -5.7% |
Summary: Asheville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Lower Hominy Township | $413.9K | $459.4K | +11.0% |
| Asheville | $461.2K | $488.1K | +5.8% |
| Asheville Township | $477.5K | $495.6K | +3.8% |
| Limestone Township | $500K | $449K | -10.2% |
Housing Supply in Asheville, NC
How many homes are available in Asheville, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 635 | 695 | +9.4% |
Summary: The Asheville real estate market had 695 homes for sale in April 2024, a 9.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 31 | +10.7% |
| 2 Bedrooms | 121 | 129 | +6.6% |
| 3 Bedrooms | 295 | 321 | +8.8% |
| 4 Bedrooms | 132 | 150 | +13.6% |
| 5+ Bedrooms | 59 | 64 | +8.5% |
Summary: The Asheville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 8.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 151 | 142 | -6.0% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Asheville, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.
Summary: A total of 142 homes were sold or pending in Asheville in April 2024, down by 6.0% month-over-month. Of the 142 sold homes, 49% were sold under asking, 20% were sold at asking, and 32% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 42 Days | -1.6% |
Summary: Homes in Asheville had an average of 42 days on market in Apr 2024, down by 1.6% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
27 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 April 2024, 142 homes were sold in Asheville; 63% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
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.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.