NC · Metro #121

Asheville - NC housing market

The Asheville metro has a typical home value of $430,056, down 3.5% from a year ago. Homes are sitting 42 days on average, buyers have negotiating room. 25% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$430,056
-3.5% vs. year ago
Median sale price
$442,645
+1.3% YoY
Median list price
$532,317
Sale-to-list ratio
97.0%
Selling below ask
Days on market
42d
Listings w/ price cut
24.6%
New listings / mo
892
+1.8% YoY
Homes for sale
3,638
+11.1% YoY
Typical rent
$1,688/mo
+1.2% YoY
Context

How to read this data

The typical home value ($430,056) 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 3.5% over the past year. A home worth $445,654 last year is now worth roughly $430,056.

The median sale price , what homes actually close for , is $442,645. Homes are selling at 97.0% of list price, meaning buyers have room to negotiate.

Homes listed in Asheville - NC sit on the market for roughly 42 days before going pending. Shorter = seller's market; longer = buyer's market.

About 24.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 892 new listings hit the market each month in Asheville - NC. There are currently 3,638 homes for sale, up 11.1% from a year ago.

The typical monthly rent in Asheville - NC is $1,688, up 1.2% 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$390,942 -0.4% 23.0d
Raleigh - NC$438,138 -2.1% 19.0d
Greensboro - NC$266,965 +1.5% 17.0d
Winston - NC$284,988 +2.6% 16.0d
Durham - NC$415,643 -2.1% 18.0d
Fayetteville - NC$259,738 +0.4% 20.0d
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