NC · Metro #121

Asheville - NC housing market

The Asheville metro has a typical home value of $425,516, down 3.8% from a year ago. Homes are sitting 58 days on average - buyers have negotiating room. 20% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$425,516
-3.8% vs. year ago
Median sale price
$441,309
+1.6% YoY
Median list price
$511,300
Sale-to-list ratio
96.2%
Selling below ask
Days on market
58d
Listings w/ price cut
20.5%
New listings / mo
712
+3.8% YoY
Homes for sale
2,914
+18.0% YoY
Typical rent
$1,726/mo
+0.7% YoY
Context

How to read this data

The typical home value ($425,516) is the Zillow Home Value Index for the Asheville - NC metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 3.8% over the past year. A home worth $442,324 last year is now worth roughly $425,516.

The median sale price , what homes actually close for , is $441,309. Homes are selling at 96.2% of list price, meaning buyers have room to negotiate.

Homes listed in Asheville - NC sit on the market for roughly 58 days before going pending. Shorter = seller's market; longer = buyer's market.

About 20.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 712 new listings hit the market each month in Asheville - NC. There are currently 2,914 homes for sale, up 18.0% from a year ago.

The typical monthly rent in Asheville - NC is $1,726, up 0.7% year over year. For investors, the price-to-rent ratio here is roughly 21x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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Related

Other metros in NC

MetroHome value1-yr changeDays on market
Charlotte - NC$388,846 -0.5% 23.0d
Raleigh - NC$438,344 -2.3% 20.0d
Greensboro - NC$264,302 +1.2% 21.0d
Winston - NC$281,131 +2.8% 19.0d
Durham - NC$411,727 -1.7% 17.0d
Fayetteville - NC$257,381 +0.6% 24.0d
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