Is Buncombe County, 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, 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
$474,991
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Buncombe County was $474,991 in April 2024, up 5.5% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $356.4K | $321.5K | -9.8% |
2 Bedrooms | $335.8K | $340.4K | +1.4% |
3 Bedrooms | $444.7K | $473.9K | +6.6% |
4 Bedrooms | $669.6K | $729.9K | +9.0% |
5+ Bedrooms | $950K | $985K | +3.7% |
Summary: Buncombe County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Counties
Haywood County | $336.1K | $373.3K | +11.1% |
Yancey County | $330K | $355K | +7.6% |
Madison County | $399.5K | $423.3K | +6.0% |
Henderson County | $424.5K | $448.8K | +5.7% |
Buncombe County | $450.2K | $474.9K | +5.5% |
Housing Supply in Buncombe County, NC
How many homes are available in Buncombe County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,176 | 1,308 | +11.2% |
Summary: The Buncombe County real estate market had 1,308 homes for sale in April 2024, a 11.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 35 | 40 | +14.3% |
2 Bedrooms | 199 | 214 | +7.5% |
3 Bedrooms | 613 | 666 | +8.6% |
4 Bedrooms | 228 | 272 | +19.3% |
5+ Bedrooms | 101 | 116 | +14.9% |
Summary: The Buncombe County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 14.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
252 | 264 | +4.8% |
Asking Price vs. Sold Price
135 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
77 Homes Were Sold
Over Asking
Summary: A total of 264 homes were sold or pending in Buncombe County in April 2024, up by 4.8% month-over-month. Of the 264 sold homes, 51% were sold under asking, 20% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 44 Days | +6.7% |
Summary: Homes in Buncombe County had an average of 44 days on market in Apr 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
167 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
55 Homes Were Sold
Over 90 Days
Summary: During April 2024, 264 homes were sold in Buncombe County; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.