Asheville’s real estate market continued to find its footing in 2025, offering fresh opportunities across Asheville and Buncombe County. Mosaic Community Lifestyle Realty owner Mike Figura offered his insight into the latest year-end market data, explaining where the market stands today and what the recent trends could mean for your next move.
What was the overall feel of the Asheville real estate market in 2025?
It was somewhat of a rebounding year. After Tropical Storm Helene caused widespread damage across Western North Carolina in late 2024, the local housing market took a brief pause. Early 2025 reflected that reality, with fewer homes changing hands while repairs were under way and people got their footing again.
But as the region began to come back, so did the housing market. By the second half of the year, we started to see the return of buyer confidence, with Asheville and Buncombe County finishing 2025 with more home sales than in 2024.
Did home sales actually pick back up?
While sales were quieter in the first quarter of 2025, activity started a modest rebound later in the year. The fourth quarter ended up being a positive one, with Asheville posting more fourth-quarter sales than it had in the previous three years, and Buncombe County outperforming the prior two. This is reassuring because it shows people continue to choose to live, invest and settle here in the Asheville area.
What’s going on with housing inventory right now?
Inventory is up, which is good news if you’re buying. More homeowners decided to list in 2025, giving buyers more choices and a bit more breathing room than during the ultra-competitive markets of the past few years.
By the end of 2025, inventory levels in most Asheville and Buncombe County price ranges were sitting just under six months of supply, which is widely considered a healthy, balanced market. Higher-end homes (priced at $1.5 million and above) leaned even more in buyers’ favor, offering added negotiating power.
Are home prices coming down in Asheville?
Prices are normalizing. In the City of Asheville, the median home price rose year-over-year in 2025 but gradually softened as the year progressed, ending the fourth quarter at $440,000. Buncombe County prices followed a similar pattern, holding steady overall and ticking down slightly by year’s end.
What’s influencing the market right now?
A mix of short-term and long-term factors shaped the 2025 market. Higher interest rates slowed things down just enough to cool competition; post-storm rebuilding added new listings as some owners chose to sell; and a temporary dip in tourism led some short-term rental owners to put properties on the market. But as rebuilding continues and tourism rebounds, we expect the area to ease back into its more typical pattern, that of steady appreciation and strong demand thanks to the region’s attractive lifestyle.
Is now a good time to buy in Asheville or Buncombe County?
For many buyers, now is a great time to buy in our area. Today’s market offers more inventory, an ease in competition, and slightly more flexible pricing, all while Asheville continues to shine as a place to live, work and explore.
Navigating the Asheville area market with Mosaic Realty
Whether you’re buying, selling or simply exploring your options, Mosaic’s team of experienced agents brings in-depth local knowledge, strategic marketing expertise, and a commitment to sustainability that sets us apart in the Asheville real estate landscape.
Reach out to Mosaic today to discuss how current market conditions can work in your favor. For more information on real estate in Asheville or Western N.C., please contact us at Info@MyMosaicRealty.com, or call us anytime at 828-707-9556.
Search: Asheville Area Real Estate
Connect