Real Estate Market Update for Asheville, NC
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 18% from one year earlier, and up 5% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 30%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 240-thousand dollars. The number of units sold increased 13% year-over-year, and decreased 8% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Asheville, NC
Area Information for Asheville, NC
  • Population: 85,191
  • Median Age: 37.47 yr
  • Median Commute Time: 15.88 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 1,896/sq mi
  • Population Change Since 2000: 15.26%
  • Closest Airport: Asheville Regional
  • Closest College: South College-asheville
  • Closest Jr. College: Asheville Buncombe Tech College
  • Median Household Income: $40,176
  • Annual Residential Turnover: 19.94%
  • Median Years in Residence: 2.99 yr
  • Median Home Sales Price: $175,000
  • Closest Major Sports Team: Tenn Smokies
  • Change Avg. Household Income Since 2000: 20%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Asheville, NC
Median Age: 37.47 Married: 28% Number of Households: 37,822 Households with Children: 9,040
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Asheville, NC

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Buncombe County Early College High School 0.3 mi Public 9-UNGRADE 4-5 0
      School Of Inquiry And Life Science 0.4 mi Public 9-12 4 4
      Asheville High 0.4 mi Public 9-12 3 4
      French Broad River Academy 0.9 mi Private 6-8 0 0
      Asheville Middle 1.0 mi Public 6-8 4 3
      Hall Fletcher Elementary 1.0 mi Public K-5 2-5 4
      Katuah Sudbury School 1.3 mi Private - 0 0
      Asheville City Preschool 1.4 mi Public PRESCHOOL-PRESCHOOL 0 0
      Isaac Dickson Elementary 1.5 mi Public K-5 5 4
      F Delany New School For Children 2.0 mi Public K-8 4-5 5
      Temple Baptist School 2.1 mi Private PRESCHOOL-12 0 5
      Maccabi Academy 2.2 mi Private K-4 0 0
      Claxton Elementary 2.4 mi Public K-5 4-5 4
      Asheville Montessori School 2.4 mi Private PRESCHOOL-K 0 0
      Vance Elementary 2.4 mi Public K-5 4-5 5
      New City Christian School 2.5 mi Private K-6 0 5
      Oakley Elementary 2.6 mi Public K-5 2 4
      Emma Elementary 2.6 mi Public K-4 1 3
      Odyssey Community School 2.6 mi Private PRESCHOOL-12 0 0
      Emmanuel Lutheran School 2.7 mi Private PRESCHOOL-8 0 4
      Buncombe County Middle College High School 2.8 mi Public 9-12 0 0
      Nesbitt Discovery Academy 2.8 mi Public 9-9 0 0
      Montessori Learning Center Of Asheville 3.1 mi Private PRESCHOOL-K 0 0
      Haw Creek Elementary 3.2 mi Public K-5 3-5 5
      Johnston Elementary 3.6 mi Public K-4 1 5
      Eliada Academy 3.7 mi Private 2-12 0 0
      Asheville School 3.8 mi Private 9-12 0 4
      Carolina Day School 3.8 mi Private PRESCHOOL-12 0 4
      Evergreen Community Charter 3.8 mi Public K-8 4-5 5
      Ira B Jones Elementary 3.9 mi Public K-5 4 5
      Charles C Bell Elementary 4.0 mi Public K-5 3-5 5
      Asheville Catholic School 4.0 mi Catholic PRESCHOOL-8 0 4
      Hanger Hall School For Girls 4.2 mi Private 6-8 0 1
      Invest Collegiate (buncombe) 4.3 mi Public K-10 0 0
      Woodfin Elementary 4.4 mi Public K-4 2 4
      Sand Hill-venable Elementary 4.7 mi Public K-5 3 4
      Eblen Intermediate School 4.8 mi Public 5-6 2 0
      West Buncombe Elementary 4.8 mi Public K-4 4 4
      Clyde A Erwin High 4.8 mi Public 9-12 1 3
      Clyde A Erwin Middle School 4.8 mi Public 7-8 3 4
      A C Reynolds Middle 4.9 mi Public 6-8 3-5 4
      A C Reynolds High 4.9 mi Public 9-12 3-5 4
      North Asheville Christian School 5.2 mi Private PRESCHOOL-12 0 4
      T C Roberson High 6.1 mi Public 9-12 3-5 3
      William W Estes Elementary 6.1 mi Public K-4 4 4
      Koontz Intermediate School 6.3 mi Public 5-6 3-5 4
      Providence Christian Academy 7.2 mi Private K-12 0 0
      Heirborne Christian Academy 8.6 mi Private 8-11 0 0
      The Franklin School Of Innovation 5,807.0 mi Public 6-9 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Asheville, NC
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.