Is Swannanoa, NC 28778 a buyer’s or seller’s market?

The Swannanoa housing market right now

In the three months ending August 31, 2026, 9% of homes in Swannanoa, NC 28778 sold above their list price, the typical home went under contract in 67 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 33 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold faster (88 days then) and the median sale price rose 9% to $439,310. Overall, Swannanoa is more competitive than a year ago, so tougher for buyers.

Within Buncombe County, homes here sell faster than in 77% of the county’s ZIP codes, and sell less often over asking than in 54%. On our competition score, Swannanoa ranks #298 of 424 NC ZIP codes with enough sales (score 23 out of 100).

Nearby, buyers who want less competition could look at Alexander 28701 (5% sold over asking) or Asheville 28803 (6% sold over asking), while Asheville 28801 (18% sold over asking) and Fairview 28730 (17% sold over asking) are even more competitive.