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 November 2025 housing market statistics:
Percentage change is year-over-year from 2024.
As we move toward year-end, all three market areas are showing similar trends: higher inventory, longer days on market, and cooling prices compared to last November—yet closed sales are up across the board.
City of Asheville
The city saw significant movement this November. Closed sales nearly doubled, while inventory climbed to a 5.8-month supply. Prices softened with the median sales price down 8.5% year-over-year. Homes are averaging 69 days on the market.
New Listings: 179 (down 1.6%)
Pending Sales: 148 (up 16.5%)
Closed Sales: 147 (up 90.9%)
Median Sales Price: $485,000 (down 8.5%)
Average Sales Price: $620,766 (down 5.3%)
Percent of List Price Received: 92.1% (down 1.9%)
Days on Market: 69 days (up 32.7%)
Inventory: 872 homes (up 64.2%)
Months Supply: 5.8 months (up 45.0%)
Buncombe County
Buncombe experienced strong buyer activity with a 66.3% increase in closed sales. Inventory rose to 5.5 months, giving buyers more options. Prices dipped slightly compared to last year.
New Listings: 325 (down 0.6%)
Pending Sales: 289 (up 24.0%)
Closed Sales: 276 (up 66.3%)
Median Sales Price: $482,500 (down 2.5%)
Average Sales Price: $650,987 (up 6.7%)
Percent of List Price Received: 91.5% (down 3.4%)
Days on Market: 69 days (up 23.2%)
Inventory: 1,578 homes (up 63.2%)
Months Supply: 5.5 months (up 48.6%)
Asheville Region (13-county area)
Across the larger region, closed sales rose 31%. Inventory increased significantly, now at a 5.5-month supply. Median prices saw a mild 1.2% decrease, showing a more balanced market emerging across Western North Carolina.
Includes Buncombe, Burke, Haywood, Henderson, Jackson, Madison, McDowell, Mitchell, Polk, Rutherford, Swain, Transylvania, Yancey.
New Listings: 895 (down 3.9%)
Pending Sales: 813 (up 14.2%)
Closed Sales: 764 (up 31.0%)
Median Sales Price: $415,000 (down 1.2%)
Average Sales Price: $542,429 (up 5.1%)
Percent of List Price Received: 91.5% (down 2.0%)
Days on Market: 69 days (up 15.0%)
Inventory: 4,611 homes (up 40.9%)
Months Supply: 5.5 months (up 31.0%)
What it means:
Inventory is expanding and homes are on the market longer, but buyer activity remains solid. Prices are adjusting from the peaks of recent years, creating more opportunity for well-prepared buyers while sellers should expect realistic pricing and longer market times.
Thinking about making a move?
Call our agent on duty today!
828-258-2953
www.preferredprop.com
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