NC · Metro #121

Asheville - NC housing market

The Asheville metro has a typical home value of $426,217, down 3.4% from a year ago. Homes are sitting 45 days on average, buyers have negotiating room. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$426,217
-3.4% vs. year ago
Median sale price
$438,997
+0.0% YoY
Median list price
$537,333
Sale-to-list ratio
96.9%
Selling below ask
Days on market
45d
Listings w/ price cut
26.0%
New listings / mo
795
-1.7% YoY
Homes for sale
3,809
+7.3% YoY
Typical rent
$1,686/mo
+0.8% YoY
Context

How to read this data

The typical home value ($426,217) 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 3.4% over the past year. A home worth $441,218 last year is now worth roughly $426,217.

The median sale price, what homes actually close for, is $438,997. Homes are selling at 96.9% of list price, meaning buyers have room to negotiate.

Homes listed in Asheville - NC sit on the market for roughly 45 days before going pending. Shorter = seller's market; longer = buyer's market.

About 26.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 795 new listings hit the market each month in Asheville - NC. There are currently 3,809 homes for sale, up 7.3% from a year ago.

The typical monthly rent in Asheville - NC is $1,686, up 0.8% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 21.1x, renting territory (#41 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.71% 30-year rate, runs about $2,202 a month in principal and interest, $516 more than renting before taxes, insurance and upkeep. The two break even at a 4.29% rate.

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.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →

Related

Other metros in NC

MetroHome value1-yr changeDays on market
Charlotte - NC$388,736 -0.5% 29.0d
Raleigh - NC$437,484 -1.9% 24.0d
Greensboro - NC$265,237 +1.3% 18.0d
Winston - NC$282,311 +2.3% 19.0d
Durham - NC$411,325 -2.1% 23.0d
Fayetteville - NC$257,053 +0.4% 23.0d
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