Buncombe County, NC Home Values & Market Trends

The median home price in Buncombe County, NC is $471,578.2. There were 4,321 home sales in Buncombe County, NC over the past 12 months. The median residential Buncombe County, NC home value for transactions over the previous year is $389,109.494. The number of current listings in Buncombe County, NC is 625, and the percentage of properties for sale is 625.00%. The county has 47 foreclosures, 2 bank owned properties, 16 headed for auction, and 625 properties for sale.

Buncombe County, NC Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Asheville

$ 557,901

$ 324/sqft

Leicester

$ 552,314

$ 275/sqft

Arden

$ 564,900

$ 254/sqft

Swannanoa

$ 435,000

$ 257/sqft

Candler

$ 427,927

$ 253/sqft

Alexander

$ 641,729

$ 240/sqft

Weaverville

$ 508,360

$ 234/sqft

Barnardsville

$ 861,890

$ 281/sqft

Black Mountain

$ 602,868

$ 320/sqft

Montreat

$ --

$ --

Fairview

$ 691,385

$ 308/sqft

Housing Market Summary for Buncombe County, NC

Apr 2023March 2024Change
Median Listing Price$454.9K$478.6K5.19%
Median Sold Price$451.7K$478.6K5.94%
Homes For Sale610556-8.85%
Homes Sold2,6222,136-18.54%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Buncombe County, NC

Buncombe County, NC home values range from $28,025 to $61,535,460. Fairview is the priciest city with a median listing home price of $614,950, and Candler is most affordable with average house prices of around $337,500.

Foreclosure
There are 11 cities within Buncombe County, NC; within these cities, the median estimated home value for homes in foreclosure ranges from $678,398 in Arden to the lowest value of $190,000 in Arden. Foreclosure homes account for 0.00% of properties in Buncombe County, NC with Asheville containing 18 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.03% of all residential properties in Buncombe County, NC with Asheville containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 11 cities within Buncombe County, NC; of those cities, the estimated home value for pre-foreclosure homes ranges from $649,874 in Weaverville to the lowest home value of $246,834 in Candler.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Buncombe County, NC ranges from the highest value of $0 in Montreat to the lowest value of $0 in Asheville. Bank owned homes and properties account for 0.00% of properties in Buncombe County, NC. There are 11 cities within Buncombe County, NC; Leicester containing 1 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Asheville has 10 auction properties, the highest number of properties going to auction in a single city in the state of Buncombe County, NC. Auction homes and other auction properties account for 0.02% of all properties in Buncombe County, NC. There are 11 cities within Buncombe County, NC; of those cities, the median estimated home value for homes going to auction ranges from $584,731 in Weaverville to the lowest value of $190,000 in Weaverville.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.67% of residential properties in Buncombe County, NC with Asheville containing 338 homes for sale, the highest number of listed properties in a single city. There are 11 cities within Buncombe County, NC; homes for sale in those cities, have a range of median values from $861,890 in Barnardsville to the lowest value of $92,528 in Swannanoa.
    Sold Homes
    The median value for recently sold homes ranges from $1,479,270 in Alexander to the lowest price of $28,025 in Alexander. There are 11 cities within Buncombe County, NC. Asheville has 1201 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.54% of properties in Buncombe County, NC.

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      Guide for Buncombe County, NC

      Foreclosure
      North Carolina Foreclosure Laws
      Buy to Rent
      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent
      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent
      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      See More Articles
      North Carolina Foreclosure Laws
      Foreclosure|posted 6 June 2019

      North Carolina Foreclosure Laws

      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent|posted 12 March 2024

      In Greensboro, NC, real estate trends indicate a decreasing average property value and sale price as of February 2024 while maintaining consistent market activity. Property values in the city indicate an affordable entry point for homebuying in comparison to neighboring areas.

      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent|posted 29 February 2024

      The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.

      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      Buy to Rent|posted 12 February 2024

      This blog post explores the varying property values and real estate trends in Charlotte, North Carolina and its surrounding areas within a span of a year. The analysis provides insights into median property values, square foot prices, sold properties, foreclosures, market health, and local submarkets.