Asheville Real Estate Market Report April 2025: Unpacking the Shift Towards Balance and Opportunity

The picturesque Asheville Region & MSA has long been a magnet for those seeking mountain charm, vibrant culture, and an exceptional quality of life. As we analyze the April 2025 real estate data, a clear narrative emerges: the market is evolving, signaling a definitive shift from the intense seller-dominated conditions of previous years towards a more balanced environment. This detailed report provides an in-depth look at the key metrics, offering invaluable insights for both prospective homebuyers and sellers in this sought-after Western North Carolina landscape.

Asheville Real Estate Outlook: A Market in Recovery and Rebalancing

This year, the Asheville region is experiencing a notable surge in inventory and new listings. This upward trend is a significant indicator of a market gradually recovering, offering buyers more choice and valuable negotiation time. This positive momentum follows the recovery efforts after last year’s hurricane, with clear signs of stabilization and growth. Looking specifically at April 2025, while overall sales saw a slight softening, robust seller activity paired with remarkably stable prices collectively point towards a market finding its equilibrium. If you’re a buy, find homes for sale in Asheville here.

Key Market Insights: A Comprehensive Snapshot of April 2025

Understanding the intricate details of the market requires a granular look at the numbers. Here are the pivotal takeaways from April 2025 for the entire 13-county region:

• Closed Sales: A modest dip of 6.9% year-over-year, totaling **782 homes sold**. However, a month-over-month increase of 7.3% underscores consistent buyer engagement despite broader economic uncertainties.
• Pending Sales: A slight softening, down 5.1% YOY and 2.3% from March, signaling slightly cooler demand.
• Showings Activity: Consistent showing rates in key submarkets, with Asheville listings averaging **3 showings** and Hendersonville at **2.4 showings** per listing, indicating sustained buyer interest.

Inventory on the Rise: Greater Balance for Spring Buyers and Sellers

One of the most compelling narratives in the April 2025 report is the significant improvement in housing inventory. This expansion of available homes is a welcome development for buyers and a sign of a healthier, more sustainable market dynamic.

• New Listings Surge: A robust **20.2% year-over-year increase**, adding **1,656 new homes** to the market. This influx provides much-needed variety for prospective purchasers.
• Overall Inventory Growth: Total inventory soared by an impressive **45.8%**, reaching **3,796 homes** available. This substantial increase gives buyers more options than they’ve seen in recent times.
• Months of Supply: This crucial metric climbed to **4.9 months**—a significant 58.1% increase from 3.1 months last year—indicating a more balanced market is taking shape.

Prices Hold Steady Amidst Increased Supply: A Sign of Market Resilience

Despite the substantial rise in inventory, prices in the Asheville region have remained remarkably stable. This indicates a resilient market where demand continues to meet supply, albeit at a more measured pace, offering a more predictable environment for transactions.

• Median Sales Price: Increased by a modest 2.1% year-over-year, reaching **$423,750**. This gentle appreciation signifies stability rather than rapid inflation.
• Average Sales Price: A slight decrease of 2.1% year-over-year to $515,521, largely influenced by the mix of homes sold.
• Average List Price: Rose by 6.0% to $655,380, reflecting seller optimism and the inclusion of higher-priced new listings.
• Original List Price Received: Held strong at **95.2%**, a minor dip from 95.4% last year, still indicating that sellers are largely achieving their asking prices, especially for well-priced homes.
• Days on Market (DOM): Increased by 27.1% to **61 days**, giving buyers more time to consider their options and conduct due diligence.
• List-to-Close Time: Extended by 13.8% to **107 days**, reflecting the slightly longer sales cycle.

Asheville MSA Market Trends: A Deeper Dive (Buncombe, Haywood, Henderson, Madison Counties)

Focusing on the core Metropolitan Statistical Area (MSA) provides a more concentrated view of the market dynamics in its most populous counties:

• Closed Sales: **528** (down just 0.4% YOY); up 5.8% from March.
• Pending Sales: **588** (down 6.5% YOY); down 2.3% from March.
• New Listings: **1,095** (+25.7% YOY).
• Inventory: **2,362 homes** (+53.7%).
• Months of Supply: **4.7** (up from 2.8 in April 2024), confirming the move towards balance within the MSA.
• Median Price: **$457,525** (+1.8%); Average: $566,130 (-0.9%).
• Days on Market
  

If you’d like additional information or have a question about a particular property, contact us.