Asheville, NC 28801 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator, the median sold price of 607,000, anchors recent transaction value and, when considered alongside a median days on market of 345, suggests slower sales velocity and greater opportunity for buyer negotiation than in faster-moving cycles (neutral-to-cool market temperature).
2. Pricing context shows a median price per square foot of 424 alongside a median market rent of 1,995, which indicates relatively high price-per-foot fundamentals even as rent trends are down, suggesting sales price strength is not being matched by rental growth.
3. Market-level indicators show the price year-over-year trend is up while the market temperature is neutral; combined with moderate interest rate pressure, this points to a market that is stable but where buyers may have incremental leverage.
4. Inventory signals point to elevated inventory levels relative to recent sales activity, which appears to be creating excess supply relative to sales and more negotiation room for purchasers; elevated borrowing costs (current 30‑year fixed reported at 6.53% versus 5.83% earlier in 2026, a 0.7% increase) may further dampen urgency among buyers.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.