Westwood Place currently leans toward sellers, with the market gauge at 42, yet conditions are not especially tight. Months of supply sits at 8.3 in this rolling three-month view, higher than Asheville’s 6.7 months, which points to more options for buyers. A typical home value around $625,000 is still well above the city’s roughly $507,000 level.
Price trends show a mixed picture over the past year. Typical home values are up nearly 30% year over year, while the median list price has dropped sharply over the same period, suggesting sellers are pricing more cautiously to attract offers. Homes are taking much longer to sell, with the median days on market jumping to 167, far above both last year’s pace and the broader Asheville market. No recent sales closed above list price, and the average sale-to-list ratio sits just under 98%, indicating buyers have some room to negotiate.
Activity has shifted as well, with active listings more than doubling compared with a year ago while homes sold increased only slightly. New listings and pending sales are both up strongly year over year, signaling more movement but also more choices for buyers. In this kind of evolving landscape, both buyers and sellers can benefit from Agent Pronto’s help connecting with an experienced local agent who understands Westwood Place’s dynamics.
