November 2025 Market Report

Residential Market Insights
Buncombe
November 2025
Powered by Patton Allen Real Estate Market Intelligence

Executive Summary

Market Pulse

Key indicators at a glance
Days on Market
52 days
Flat vs last month (52)
New Listings
321 new
-36% vs last month (499)
Pending (EOM)
280 homes
-20% vs last month (352)
Snapshot of contracts still in escrow at month end.
Closings
258 closed
-22% vs last month (329)
Typical Home Price
$655,324
+14% vs last month ($576,411)
Market Status
5.3 MOI
+2.5% vs last month (5.2)

Key Insights

Notable patterns this month
Supply vs Market Activity
Listings -36% | Closings -22%

Inventory fell from 1,707 to 1,595 (6.6%). 321 new listings hit the market, 186 went under contract during the month and 258 closed, nudging MOI up to 5.3.

Price Behavior By Segment
$655,324

Typical closed price (average) was $655,324. Homes in this range $600K-$699K closed in roughly 78 days (median DOM). The segment $700K-$799K held the highest percentage of ask at 97.7%, while properties in the $200K-$249K saw the highest price drops, holding only 91.6% of ask. The fastest moving segment was $2M+ which closed in roughly 24 days and the slowest was $0-$199K at 216 days.

Price Reduction Activity
Common But Modest

62% of active listings have cut prices (vs 62% last month), with cuts are similar—averaging 8% compared to 8% last month.

Price Per Square Foot
$321.79 per sqft

Buyers on average are paying $321.79 per square foot, which is up 4.8% ($14.62/sqft) since last month.

Price Range Analysis

Price Range New Listings Active Listings Under Contract Homes Sold Avg. Sales Price Avg. Price/Sqft Average List/Sale Avg. DOM Median DOM MOI Leverage
$0-$199K 6 13 9 2 $174,000 $215.77 97.2% 216 216 6.50 Balanced
$200K-$249K 8 34 3 10 $218,800 $181.57 91.6% 141 81 3.40 Seller
$250K-$299K 20 79 15 22 $276,541 $270.61 95.5% 97 27 3.59 Seller
$300K-$349K 30 108 41 26 $325,178 $272.83 97.3% 83 60 4.15 Seller
$350K-$399K 29 146 31 27 $372,976 $308.96 96.2% 88 58 5.41 Balanced
$400K-$449K 27 102 29 24 $420,788 $309.65 97.4% 92 37 4.25 Seller
$450K-$499K 28 138 30 21 $472,725 $300.13 96.8% 63 28 6.57 Balanced
$500K-$599K 46 203 32 38 $546,737 $292.72 97.4% 92 67 5.34 Balanced
$600K-$699K 34 175 26 16 $646,588 $334.08 95.7% 77 78 10.94 Buyer
$700K-$799K 23 127 18 16 $738,109 $325.01 97.7% 109 83 7.94 Buyer
$800K-$899K 14 90 13 15 $843,687 $354.32 96.8% 104 27 6.00 Balanced
$900K-$999K 11 70 6 10 $927,900 $318.74 96.9% 94 77 7.00 Balanced
$1M-$1.49M 23 125 9 16 $1,182,944 $381.33 92.9% 87 36 7.81 Buyer
$1.5M-$1.99M 12 83 5 8 $1,780,000 $552.29 96.1% 75 38 10.38 Buyer
$2M+ 10 102 13 7 $3,410,000 $708.66 97.7% 39 24 14.57 Buyer
County Total 321 1595 280 258 $655,324 $321.79 96.4% 90.5 52 5.32

Data Quality Note: All calculations based on available MLS data. Some listings may have incomplete information.

Status Coverage: "Under Contract (EOM)" includes: Under Contract–Show, Under Contract–No Show, Due Diligence, Contingent, etc. | "Active" includes only Active status.

Methodology: Average values used for List/Sale ratios | Days metrics represent actual calendar days (not percentage changes) | Base effects shown as absolute changes when prior period < 50 units | DOM/CTC/TTL measured in calendar days.

Report Generated: 2025-12-09 10:07:56 | Data Source: MLS Property Data