Is Buncombe County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buncombe County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Buncombe County has remained a Seller's Market.

Key Takeaway

Buncombe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Buncombe County, NC

How much do homes in Buncombe County, NC cost?

Median Sold Price

$474,458

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$24,259(+5.4%)

Key Takeaway

Homes in Buncombe County have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Buncombe County was $474,458 in March 2024, up 5.4% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $355K$312.1K
-12.1%
2 $338.3K$339.8K
0.5%
3 $443.3K$470.8K
+6.2%
4 $665K$729.4K
+9.7%
5+ $960K$950K
-1.0%

Summary: Buncombe County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 1%.

Median Sold Price Compared To Nearby Counties

Haywood County
+10.9%
Buncombe County
+5.4%
Henderson County
+5.3%
Yancey County
+5.3%
Madison County
+3.8%

Housing Supply in Buncombe County, NC

How many homes are available in Buncombe County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,0741,207+12.4%

Summary: The Buncombe County real estate market had 1,207 homes for sale in March 2024, a 12.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 3138
+22.6%
2 192202
+5.2%
3 567626
+10.4%
4 202236
+16.8%
5+ 82105
+28.0%

Summary: The Buncombe County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.6%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 28%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
225237+5.3%

Asking Price vs. Sold Price

138 Homes Were Sold
Under Asking

49 Homes Were Sold
At Asking

50 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buncombe County, you may be able to get a good deal. 58.2% of homes here sold below asking price last month.

Summary: A total of 237 homes were sold or pending in Buncombe County in March 2024, up by 5.3% month-over-month. Of the 237 sold homes, 58% were sold under asking, 21% were sold at asking, and 21% 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

Mar 2023Mar 2024CHANGE
46 Days49 Days+7.8%

Summary: Homes in Buncombe County had an average of 49 days on market in Mar 2024, up by 7.8% compared to last year.

Breakdown of Home Sale Times

138 Homes Were Sold
Under 30 Days

48 Homes Were Sold
In 30 - 90 Days

51 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Buncombe County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 237 homes were sold in Buncombe County; 58% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Buncombe County, NC

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