Downtown Asheville Housing Market Report February 2025•Buncombe County, North Carolina

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Housing Prices in Downtown Asheville, NC

How much do homes in Downtown Asheville, NC cost?

Housing Market Conditions

Is Downtown Asheville, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Downtown Asheville is a Buyer's Market

Difference Since February 2024

At the same time last year, Downtown Asheville was a Seller's Market.

Insight

Downtown Asheville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$655,000$636/SqFt
+$82,500
+14.4%

Based on all homes sold in the last 12 months

Insight

Homes in Downtown Asheville have sold for 14.4% more than they did a year ago.

Summary: The median home sold price in Downtown Asheville was $655,000 in February 2025, up 14.4% from last year, and the median price per square foot was $636.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$492.5K$535K
+8.6%
2$689K$950K
+37.9%
3$1.3M$700K
-49.8%
4--
N/A
5--
N/A

Summary: Downtown Asheville housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +8.6%. The home price for 2 bedroom homes increased by +37.9%. The home price for 3 bedroom homes decreased by -49.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Downtown Asheville, NC compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Downtown Asheville, NC

Housing supply in Downtown Asheville, NC

How many homes are available in Downtown Asheville, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
37Last MonthFeb 2025
342 months agoJan 2025
+8.8 %
Change MoMJan – Feb

Summary: The Downtown Asheville real estate market had 37 homes for sale in Feb 2025, a 8.8 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
5Last MonthFeb 2025
32 months agoJan 2025
+66.7 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
11414
0.0%
21013
+30.0%
31010
0.0%
400
0.0%
500
0.0%

Summary: Downtown Asheville housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +30.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Downtown Asheville, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price4 Homes

Insight

If you're buying a home in Downtown Asheville, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Downtown Asheville in February 2025, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and and 0% were sold over asking.

Days on Market for Downtown Asheville, NC

How long does it take to sell a home in Downtown Asheville, NC?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Many homes in Downtown Asheville are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 5 homes were sold in Downtown Asheville; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
72 DaysThis YearFeb 2025
51 Days1 year agoFeb 2024
+42.0 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Downtown Asheville had an average listing age of 72 days in Feb 2025, up by 42.0% compared to the previous year.

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Newest Listings in Downtown Asheville, NC

What homes are available in Downtown Asheville, NC?

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Nearby markets

Nearby markets aren't available for Downtown Asheville, NC

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MLS Disclaimers and Copyright

Based on information from Canopy MLS, for the period 03/01/2023 - 03/01/2025

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Last updated on: 3/14/2025, 11:21:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.