At Preferred Properties of Asheville, we’re keeping a close eye on the market so you don’t have to. Here’s a quick look at the August housing market statistics:

City of Asheville

Average Sales Price: $717,661

Average List Price: $717,730

Closed Sales: 150

Pending Sales: 173

Days on Market (until sale): 73

Inventory of Homes for Sale: 899

Buncombe County

Average Sales Price: $644,648

Average List Price: $689,267

Closed Sales: 287

Pending Sales: 314

Days on Market (until sale): 67

Inventory of Homes for Sale: 1,684

Asheville Region

(Includes Buncombe, Burke, Haywood, Henderson, Jackson, Madison, McDowell, Mitchell, Polk, Rutherford, Swain, Transylvania, and Yancey Counties)

Average Sales Price: $561,656

Average List Price: $620,117

Closed Sales: 885

Pending Sales: 1,005

Days on Market (until sale): 63

Inventory of Homes for Sale: 4,999

What it means: Inventory is up across the board, giving buyers more options. Prices have softened slightly in Asheville and Buncombe, but remain steady in the broader region. Sellers should be prepared for longer days on market, while buyers may find more negotiating power.

Thinking about making a move? Call our agents on duty today!

www.preferredprop.com

828-258-2953

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July 2025 Housing Market Statistics

Asheville Region
Closed Sales: 916 914
Avg. List Price: $622,512 $653,228
Inventory: 3,155 4,925
Months Supply: 3.8 6.4
(6 months is considered a balanced market.)

Buncombe County
Closed Sales: 293 321
Avg. List Price: $683,136 $780,685
Inventory: 904 1,633
Months Supply: 3.1 6.4
(6 months is considered a balanced [...]

📊 June 2025 Housing Market Snapshot
Asheville • Buncombe County • City of Asheville
Powered by Preferred Properties of Asheville & Canopy MLS

🏡 The Market is Balancing!
Inventory is UP. Prices are SOFTENING. Opportunity is knocking.

📍 Asheville Region
🔹 Avg Sales Price: $513,036 ⬇️ 2.9%
🔹 Inventory: 4,728 ⬆️ 54%
🔹 Months Supply: 6.2 – officially a balanced [...]

May 2025 Housing Market Update

In Buncombe County, The City of Asheville, and the Asheville Region.

Buncombe County – May 2025 Summary

New Listings: Up 36.9% (698 homes) compared to May 2024.

Closed Sales: Down 20.6% (285 homes).

Average Sales Price: Dropped 11.1% to $611,124.

Inventory: Rose 81.1% to 1,518 homes for sale.

Months Supply of Inventory: Increased from 2.9 to 5.9 (up 103.4%). 6 months is considered a balanced [...]

 Price to Today’s Reality, Not Yesterday’s Peak

• Many sellers are anchored to 2021–2022 peak prices. That market is gone.

• Median sale prices have softened or plateaued in parts of Buncombe. Price reductions are increasingly common, especially for homes over $700k.

• Price just under key thresholds ($499k instead of $510k) to boost search hits on Zillow, Realtor.com,

[...]

You can also download a PDF here.

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December 2024 Asheville Real Estate Market Update
Key Statistics:
Average Sales Price: Increased by 1.8% year-over-year to $522,723 in the Asheville region.
New Listings: Up 13.0% from December 2023, signaling more options for buyers.
Closed Sales: Decreased slightly, down 4.9%.
Days on Market: Homes took 62 days on average to sell, up [...]

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