October 3, 2025

Asheville Housing Market Faces Cooling Trend

Asheville, NC, October 3, 2025

News Summary

Asheville’s housing market is experiencing a significant cooling trend as home prices rise and sales decline. The typical home price has exceeded $440,000, with starter homes nearing $300,000, making homeownership increasingly difficult. Traditionally active buying seasons have shown reduced activity, indicating a shift in buyer behavior. Currently, about 20 homes are listed daily, while approximately 60 price reductions occur. Despite these challenges, home values are expected to stabilize with gradual increases projected for 2025.

Asheville is currently experiencing a notable cooling trend in its housing market amid rising prices and a decline in sales. As of today, the typical home price in Asheville has more than doubled since 2014, reaching approximately $440,000. This increase has made homeownership increasingly difficult for many residents, as starter homes are now nearing $300,000, creating a sluggish atmosphere in the market.

Traditionally busy buying seasons, such as spring and summer, did not exhibit their usual activity levels this year, signaling a shift in buyer behavior. Despite the availability of properties listed around the $500,000 mark—including several homes with 3-4 bedrooms and sizes between 1,268 to 2,989 square feet—interest remains low. Specific listings in Asheville include:

220 Ridge Rd, Waynesville, NC: $500,000, 4 beds, 4 baths, 2,989 sq ft
530 Crowfields Ln, Asheville, NC: $500,000, 4 beds, 3 baths, 2,949 sq ft
8 Escondido Dr, Asheville, NC: $500,000, 3 beds, 3.5 baths, 2,227 sq ft
55 S Market St, Asheville, NC: $500,000, 1 bed, 1 bath, 789 sq ft

Many homes priced below the $500,000 threshold are becoming increasingly rare. For example, a condo in Fairview was listed at $425,000 earlier this year but was recently reduced to $400,000 due to a lack of buyer interest. Current data in the Asheville area point to a buyer’s market characterized by slow demand, with approximately 20 homes being listed daily compared to around 60 price reductions reported in Buncombe and Henderson Counties.

Despite these conditions, home values in the Asheville real estate market are anticipated to see only a 0.5% reduction in the near future. Monthly sales data illustrates a decrease in closed sales compared to previous year figures, further indicating the market’s deceleration. While forecasts predict stable yet gradual price increases in 2025, there is divergence among neighborhoods. Some areas might even witness decreases, while cities like Charlotte are expected to see price hikes.

Real estate professionals emphasize the importance of understanding localized market trends, which is crucial for both potential buyers and sellers in navigating this market transition. As Asheville shifts away from the extreme seller’s market characteristics of recent years, the outlook suggests a move towards a more balanced state.

FAQ

What is the current typical home price in Asheville?

The typical home price has more than doubled to $440,000, with starter homes approaching $300,000.

How is the buyer’s market currently characterized in Asheville?

The real estate market is currently described as a buyer’s market, with data showing that local demand is slow.

What are some current listings in Asheville near the $500,000 mark?

Current listings in Asheville include:

220 Ridge Rd, Waynesville, NC: $500,000, 4 beds, 4 baths, 2,989 sq ft
530 Crowfields Ln, Asheville, NC: $500,000, 4 beds, 3 baths, 2,949 sq ft
8 Escondido Dr, Asheville, NC: $500,000, 3 beds, 3.5 baths, 2,227 sq ft
55 S Market St, Asheville, NC: $500,000, 1 bed, 1 bath, 789 sq ft

How many homes are listed daily in Asheville?

Approximately 20 homes are listed daily, while about 60 price reductions are reported in Buncombe and Henderson Counties.

What is the future forecast for home prices in Asheville?

Forecasts indicate stable but gradual price increases in 2025 for Asheville, with predictions varying among neighborhoods.

Key Features of the Asheville Housing Market

Feature	Detail
Typical Home Price	$440,000
Starter Home Price	Approaching $300,000
Daily Listings	Approximately 20
Price Reductions	About 60 reported
Future Price Forecast	Stable but gradual increases in 2025