Home prices in the Asheville area remain steady, but rising inventory and longer days on the market are reshaping what it takes to sell in 2025.

 

Asheville’s housing market is in a new phase. It’s more balanced than last year, but still showing steady value growth.

Across Buncombe County, the average time on market has stretched to about a month. That’s up from last year’s fast-paced sales and reflects an important shift: buyers now have breathing room. Here’s what you need to know.

 

Inventory is climbing toward balance. Right now, the region has roughly four to six months of inventory. That’s the tipping point between a seller’s and a buyer’s market. Once supply crosses six months, it leans in favor of buyers. While Asheville hasn’t fully reached that stage, it’s close enough to influence how homes are priced and negotiated.


More price reductions. These aren’t necessarily signs of a crash; they’re simply a correction. Many sellers are still pricing their homes with a 2022 mindset, expecting multiple offers overnight. Today, pricing aggressively from day one matters more than ever to avoid “chasing the market” later.


"Prices are holding strong and even trending up in several areas."


Prices are still trending upward. Prices are holding strong and even trending up in several areas. Homeowners still have healthy equity, and values continue to show long-term strength. Despite higher inventory, demand remains steady from local buyers and people relocating to the mountains for lifestyle and investment reasons.

Advice for home sellers: Price smart and stay flexible. Even with equity growth, sellers should avoid overpricing. Homes that start too high often sit, leading to deeper cuts later. Listing at or slightly below market value can spark interest faster and attract stronger offers.

Advice for homebuyers: Now’s a great time to explore your options. The market finally offers breathing room. With more homes to choose from and fewer bidding wars, it’s a great time to negotiate, request repairs, or explore homes that may have been out of reach before.

Overall, Asheville’s market is healthy. It means stability, steady growth, and a return to realistic pricing that benefits everyone.

If you have plans to buy, sell, or invest in the near future, reach out! Contact me at (828) 674-0900 or cricket@ashevilleluxurybrokers.com. I’m always ready to guide you every step of the way.