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
City | Median Est. Value | City | Median 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 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $454.9K | $478.6K | 5.19% |
Median Sold Price | $451.7K | $478.6K | 5.94% |
Homes For Sale | 610 | 556 | -8.85% |
Homes Sold | 2,622 | 2,136 | -18.54% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Buncombe County, NC
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.
- Pre-ForeclosurePre-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 OwnedThe 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.
- AuctionsAsheville 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.
Compare Nearby Cities
More Real Estate Resources for Buncombe County, NC
Guide for Buncombe County, NC
North Carolina Foreclosure Laws
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.
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.
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.