Buying a home is a big deal—especially in a market like Asheville, where mountain views, walkable neighborhoods, and short-term rental potential make real estate extra competitive.

But if you’ve been watching interest rates bounce around, inventory creep up, and pricing level off, you might be wondering: Should I buy now… or wait?

The truth is, there’s no one-size-fits-all answer. But there is a smart way to make the decision based on current data and your personal goals. So let’s break it down—what’s really happening in Asheville’s housing market right now, and what should buyers be thinking about in July 2025?

🏡 Asheville Market Snapshot – Summer 2025

Here’s what the latest data shows:

Median Home Value: $484,190 (Zillow, April 2025)
Median Sale Price: $464,000 (Zillow, March 2025)
Median List Price: $585,000 (Realtor.com, March 2025)
Days on Market: 22 days (Zillow, April 2025)
Inventory: 680 active listings (Zillow, April 2025)

What does this tell us?

Prices are leveling out after years of rapid growth
Inventory is increasing, giving buyers more options
Homes are still selling quickly, especially if well-staged and priced right
List prices are trending downward slightly, meaning more room for negotiation

Add to that the fact that buyers now have more leverage than they did even a year ago—and we’re looking at a relatively balanced market.

🧠 What Smart Buyers Should Consider Right Now

1. Interest Rates Are Still a Wild Card

In early 2025, mortgage rates have bounced between 6% and 7%, depending on the loan product and lender. That’s higher than what we saw during the pandemic—but not historically outrageous.

If you wait and rates drop, your monthly payment could improve. But if rates climb again, buying power will shrink.

What to do: Talk to a lender now to see what you qualify for, and consider locking in a rate if the numbers work.

2. There’s More Inventory—but Good Homes Still Move Fast

Yes, more homes are hitting the market—but well-priced properties in popular neighborhoods (like West Asheville, Oakley, or North Asheville) still go under contract quickly.

If you’re house hunting, you’ll have more choices—but it’s still smart to be ready when the right listing comes up.

What to do: Get clear on your must-haves vs. nice-to-haves. That way, you won’t hesitate when your dream home hits the market.

3. Prices Aren’t Likely to Drop Drastically

Some buyers are holding out for a crash. But according to local and national data, Asheville home values are stable to slightly rising. We’re not seeing dramatic drops—just a normalizing market.

In fact, buying now might help you lock in a good price before prices start creeping up again as demand picks back up in fall or 2026.

✅ Should You Buy Now or Wait?

Here’s a quick checklist to help you decide:

Buy Now If:

You’ve found a home that fits your budget and lifestyle
You’re financially ready (down payment, job stability, no major debts)
You want to avoid future competition when rates possibly drop
You’re renting and ready to build equity

Wait If:

You’re not sure where you want to live yet
You’re working on credit or savings
You’re watching for a specific area or property type that’s not yet available

📘 Download Your Free Asheville Buyer’s Guide

Still unsure? Don’t wing it. My Free Asheville Buyer’s Guide walks you through the entire process, from pre-approval to house hunting to offer negotiations—and includes:

✔️ Neighborhood breakdowns and price comparisons

✔️ Loan options explained in plain English

✔️ Questions to ask at showings

✔️ Timeline and inspection checklist

✔️ Local tips for Asheville-area buyers

👉 Click here to download your Free Asheville Buyer’s Guide

Final Thoughts

There’s no perfect time to buy a home—but there is a right time for you. Whether that’s this summer, fall, or next year, I’m here to help you weigh your options, understand the market, and move forward with clarity.

📞 Ready to talk it out? Book a free connection call and we’ll go over your goals, your timeline, and what’s realistic right now in Asheville’s market.