Is Buncombe County, 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, 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
$474,458
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $355K | $312.1K | -12.1% |
2 Bedrooms | $338.3K | $339.8K | 0.5% |
3 Bedrooms | $443.3K | $470.8K | +6.2% |
4 Bedrooms | $665K | $729.4K | +9.7% |
5+ Bedrooms | $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 | $335.1K | $371.7K | +10.9% |
Buncombe County | $450.1K | $474.4K | +5.4% |
Henderson County | $422.4K | $444.9K | +5.3% |
Yancey County | $337K | $355K | +5.3% |
Madison County | $400K | $415K | +3.8% |
Housing Supply in Buncombe County, NC
How many homes are available in Buncombe County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,074 | 1,207 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 31 | 38 | +22.6% |
2 Bedrooms | 192 | 202 | +5.2% |
3 Bedrooms | 567 | 626 | +10.4% |
4 Bedrooms | 202 | 236 | +16.8% |
5+ Bedrooms | 82 | 105 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
225 | 237 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 49 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
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.