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Chestnut Hills

NeighborhoodThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.North Carolina
$617K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
5
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$468K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Jul 2026 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
20172018201920212022202320252026
Growth (year over year)How much prices and sales counts changed since the same time last year, using a 3-month average to smooth out noise. Above the dashed line means growth.PriceSales
20172018201920212022202320252026
Price per square footThe middle price per square foot, for sales where the size is known. It adjusts for homes being different sizes.$/ft²
20172018201920212022202320252026
Sale premium vs estimated valueHow sale prices compare with our estimated values at the time of sale. Above the dashed line, homes sold for more than the models expected — a sign of competitive bidding. Below it, buyers paid under model value.Premium
20172018201920212022202320252026
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
20172018201920212022202320252026
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
20172018201920212022202320252026
Financing (share of purchase price)For buyers who borrowed: the middle share of the price they financed, and the middle share they paid up front.Loan (LTV)Down payment
20172018201920212022202320252026
Sellers who sold at a gainThe share of sellers each month who sold for more than they originally paid.Sold at gain
20172018201920212022202320252026
Typical hold before sellingThe middle number of years sellers owned their home before selling.Median hold
20172018201920212022202320252026
Median annualized return at resaleThe middle yearly gain sellers earned, spread across the years they owned the home. Only counts homes held at least a year.Annualized gain
20172018201920212022202320252026
Preforeclosure filingsForeclosure notices filed each month. A rise can be an early sign that more owners are struggling. Auction stage counts the filings that reached a scheduled foreclosure auction.FilingsAuction stage
20172026

Housing Stock

HomesHow many homes we have records for in this area.120
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$468K
Median sizeThe middle home size here, measured in square feet.1,366 ft²
Median bedroomsThe middle bedroom count for homes here.3
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1923
Single familyThe share of homes here that are single-family houses.90%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.62%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.1.9%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.51%
Company ownedThe share of homes owned by a company or trust instead of a person.22%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.38%
Typical ownership tenureHow long the typical owner here has held their home.11.2 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.132
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.97
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.113

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.81%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.32%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.21%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.189
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,742 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$58K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$73K
Average tempThe average temperature here across a full year.55°F
Annual precipHow much rain and melted snow falls here in a typical year.38 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.59%

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all neighborhoods nationally.

How Chestnut Hills compares

By median home value, Chestnut Hills is the 22nd most expensive of 35 neighborhoods in Buncombe County, and its typical home is worth more than 52% of all homes in Buncombe County.

Home values in Chestnut Hills

Share of homes at each estimated value.

Median
$273K$697K
neighborhoods in Buncombe County ranked by median home value
#Buncombe CountyMedian valueHomes
1Reynolds Mountain$1.7M138
2Sherwood Heights$1.3M138
3Biltmore Park$1.1M588
4Grove Park / Sunset$1.1M840
5Lakeview Park$1M512
6Biltmore Lake$906K1,167
7Lakeshore Heights$813K220
8Downtown Asheville$739K560
9Norwood Park$716K178
10Historic Montford$669K1,146
11Grace$652K353
12Charlotte Street$644K196
13Kenilworth$587K1,134
14Malvern Hills$548K252
15South Slope$499K137
16Falconhurst$487K335
17West Asheville Estates$480K314
18Five Points$473K574
19Murdock / Linden$472K186
20Brucemont / Louisiana$470K235
21Haw Creek$470K1,638
22Chestnut Hills$468K120
23East West Asheville$460K1,945
24Bear Creek$451K700

35 neighborhoods in Buncombe County are ranked; the most valuable are listed here.

About the Chestnut Hills market

What is the median home price in Chestnut Hills, NC?

The median sale price in Chestnut Hills, NC is $616,667 (data through July 2026), based on deeds recorded with the county.

How many homes sell in Chestnut Hills, NC each year?

5 homes sold in Chestnut Hills, NC over the last 12 months (data through July 2026). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Chestnut Hills, NC?

Chestnut Hills, NC contains 120 residential properties, with a median of 1,366 square feet, 3 bedrooms, built around 1923. The median TopHap Estimate is $468K.

How does Chestnut Hills, NC compare to the rest of Buncombe County?

By median home value, Chestnut Hills, NC is the 22nd most expensive of 35 neighborhoods in Buncombe County. Its typical home is worth more than 52% of all homes in Buncombe County. Haw Creek ranks just above it and East West Asheville just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Chestnut Hills, NC?

51% of homes in Chestnut Hills, NC are owner-occupied. 22% are held by a company rather than an individual.

How much equity do owners in Chestnut Hills, NC hold?

62% of mortgaged homes in Chestnut Hills, NC are equity-rich, meaning the loan balance is under half the home's value. 1.9% owe more than the home is worth.

Nearby markets

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Explore Chestnut Hills on the map

See every recorded sale, price heat map, school zone and flood overlay across Chestnut Hills in TopHap’s interactive 3D map.

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A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map