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WNC Business

State of Business in WNC - Real Estate

Oct 07, 2022 10:51AM ● By Randee Brown

While housing prices are on the rise in every county across the region, there are some differences in overall market trends from city to city. According to, Asheville is still presenting a seller’s market, meaning that there are more buyers looking to purchase than there are homes available. 

Of the 13 cities and towns examined here, four are presenting a balanced market, meaning that the supply and demand of homes is about the same. Those towns are Hendersonville, Morganton, Boone, and Marion.

The remaining nine towns – Bryson City, Rutherfordton, Sylva, Burnsville, Hot Springs, Waynesville, Murphy, and Highlands – are all presenting a buyers market, despite each town’s year-over-year increase in median list price.

The town with the highest list prices is Highlands, with a median listing price of $950,000. The lowest of these was Morganton, whose median list price is currently $299,000. 

Sylva’s homes have the highest median of 84 days on market before being sold, while the town with the lowest median days on market is Boone at 47. Asheville and Morganton are both similar to Boone at a median of 48 days on market. 

Source: Information summary from August 2022, the most recent data available at time of publication.