Regional Market Analysis
2025 Year-End | 4th Quarter
Our WNC regional real estate market analysis is updated quarterly. Scroll down the page for the Asheville / Buncombe County real estate data and trends, or click these buttons to download the full report PDF for each area.
Asheville / Buncombe County Market Analysis
The Asheville and Buncombe County housing market In 2025, the Asheville and Buncombe County housing market experienced a period of rebalancing after Tropical Storm Helene, which caused widespread damage across Western North Carolina at the end of September 2024.
Number of homes sold As a result of the storm’s damage, 4th quarter sales in 2024 and 1st quarter sales in 2025 in Asheville and Buncombe County were depressed. Repairs have been significant and as the region returned to normal, the number of home sales rebounded, ending with more sales in the 4th quarter than in the preceding three years in Asheville and in the preceding two years in Buncombe County. The rebound in home sales in the 3rd and 4th quarters counterbalanced the decline in sales in the 1st quarter, and Asheville and Buncombe County ended 2025 with more home sales for the year compared to 2024.
Inventory levels Even though 2025 ended with more home sales, inventory rose compared to that of previous years, because more homeowners listed their properties for sale in 2025. This has been a national trend and is not specific to Asheville and Buncombe County. Economists generally consider a balanced market to have 6 months of inventory, meaning that it would take 6 months for all the available homes to sell based on the rate of sales within the last 12 months. Less than 6 months is considered to be a seller’s market and more than 6 months is considered to be a buyer’s market. While variable based on price range, inventory levels in Asheville and Buncombe County hovered under 6 months in the 4th quarter of 2025 with the exception of the $1,500,000 and over price range, which was well over 6 months. Inventory levels are usually lower in the winter because sellers are waiting for the spring, summer, and fall when there are more buyers in the market.
Median home sale price The median home sale price rose from $488,000 in 2024 to $500,000 in 2025 in the City of Asheville, but declined over the course of the year, ending at a median sales price of $440,000 in the 4th quarter. In the Buncombe County, the median sales price remained the same, at $477,000, between 2024 and 2025, but declined slightly throughout the year, ending with a 4th quarter sales price of $473,750.
Average Days on Market (DOM) increased between 2024 and 2025 in both the City of Asheville and Buncombe County, from 47 days to 66 days in Asheville and from 54 days to 72 days in Buncombe County (Chart 5). The increase in DOM was the result of higher inventory, as buyers had more options to choose from and did not feel as pressured to make quick purchasing decisions as in previous years when inventory was lower.
Changes to the real estate market were being driven by a confluence of factors. Interest rates that remained high were dampening buyer demand. Lingering impacts from Hurricane Helene also played a role in suppressing demand. Helene also caused some people to sell and move out of the area, which added to inventory. A reduction in tourism has caused lower occupancy in short-term rentals, leading some people to sell their short-term rental investment properties, which has added to inventory. As the area rebuilds and tourism returns, the real estate market in the region will likely return to its pre-storm dynamic, unless there are large disruptions to the national economy.
For a complete market analysis, including Trends in Green Homes, Inventory or Price Per Square Foot,
view the entire report here. If you have any questions or would like a price evaluation of your house, please
contact one of our agents or call us at (828) 707-9556.
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