May 2025 Housing Market Statistics

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 market

Days on Market Until Sale: Increased 18.9% to 44 days.

City of Asheville – May 2025 Summary

New Listings: Rose 41.7% (367 homes).

Closed Sales: Dropped 9.8% (157 homes).

Average Sales Price: Declined 17.0% to $616,034.

Inventory: Up 90% to 819 homes.

Months Supply of Inventory: Jumped from 2.9 to 6.1 (up 110.3%). 6 months is considered a balanced market

Days on Market Until Sale: Increased significantly to 46 days (+35.3%).

Asheville Region – May 2025 Summary

(Covers 13 counties including Buncombe)

New Listings: Up 28.5% (1,844 homes).

Closed Sales: Fell 13.8% (839 homes).

Average Sales Price: Decreased 7.5% to $504,917.

Inventory: Increased 57.3% to 4,488 homes.

Months Supply of Inventory: Jumped from 3.4 to 5.8 (up 70.6%). 6 months is considered a balanced market

Days on Market Until Sale: Increased to 53 days (+20.5%).

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