Asheville Region & Hendersonville

ASHEVILLE

RESIDENTIAL SALES SUMMARY

Asheville continues to see Average and Median Sales Prices increase with Months Supply nearly depleted by buyer demand. With such a low inventory it's no surprise that Closed Sales have dropped more than 6.4% on Q1 2021 figures. Expect more of the same in Q2 2022, with prices continuing to rise and both inventory and Days on Market continuing to drop.

Asheville (Region)

In the pastoral setting of Buncombe County, Asheville's home county, the Q1 Average Sales Price for homes was up 13.4% year-on-year. On average, homes in Buncombe County are on the market for 34 days, more than 31% faster than this time last year. While Buncombe County offers greater selection and opportunities for first-time buyers, its new developments and luxury communities have put upward pressure on home prices outpacing Asheville.