Asheville Home Prices & Values

$185,300 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.2% 1-year change
  • 2.1% 1-year forecast

Market Temperature: Very HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Asheville is $185,300. Asheville home values have gone up 2.2% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in Asheville is $166. The median price of homes currently listed in Asheville is $249,900 while the median price of homes that sold is $223,750.

Foreclosures will be a factor impacting home values in the next several years. In Asheville 3.7 homes are foreclosed (per 10,000). This is lower than the national value of 4.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Asheville is 2.4%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Asheville homeowners underwater on their mortgage is 9.2%.

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Relative ZHVI
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Asheville Market Overview

Data through May 31, 2014
  • $185,300 ZHVI
  • 2.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $249,900 Median listing price
  • $223,750 Median sale price
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Asheville Market Health

Data through May 31, 2014
  • 6.9/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 9.2% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 2.4% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

3.7 homes Asheville
4.8 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Biltmore Forest $793,500 Weaverville $220,700 Arden $203,800
Bent Creek $199,100 Fletcher $198,800 Alexander $192,900
Candler $177,100 Swannanoa $154,800 Woodfin $150,900

Listings & Sales

Data through May 31, 2014
  • $166 Median list price / sq ft
  • $154 Median sale price / sq ft
  • 20.9% Listings with price cut
15.6%
Sold below listing
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Asheville Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,175 Asheville
$1,310 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $0.94 Rent list price / sq ft
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