Report: Asheville’s real estate market losing steam

News release from Construction Coverage:

While 2023 marked a notably more subdued year for real estate compared to the preceding years, recent signs suggest market conditions could be heating up again—though some geographies are seeing more activity than others.

To determine the locations with the hottest real estate markets in 2024, researchers created a composite score equally weighting the following metrics:

  • One-year change in median sale price (Dec 2022–Dec 2023)
  • Share of homes that sold above asking (2023)
  • Median number of days on the market (2023)
  • Average sale-to-list percentage (2023)
  • Share of listings with price drops (2023)

These are the key takeaways from the report for Asheville, NC:

  • As of December 2023, the median home sale price in Asheville was $455,250, representing an increase of 7.9% from one year prior.
  • 30.5% of Asheville homes sold over their asking price last year, after spending a median 48.2 days on the market.
  • Based on these and other key metrics included in the complete analysis, Asheville’s housing market ranks 280th out of 451 small U.S. cities in the ‘Hottest Real Estate Markets of 2024’ report.

Here is a link to the complete results of the analysis, with data on more than 600 U.S. cities and the 49 states with sufficient data. Feel free to republish or use the findings in your own write-up. If you choose to use the analysis, please link to the original report:

About Community Bulletin
Mountain Xpress posts selected news and information of local interest as a public service for our readers. To submit press releases and other community material for possible publication, email

Before you comment

The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.

Leave a Reply

To leave a reply you may Login with your Mountain Xpress account, connect socially or enter your name and e-mail. Your e-mail address will not be published. All fields are required.