Sold
$242,000 $342/sqft
714 5 Reed Street
Asheville, NC 28803
2 bd · 1 ba · 708 sqft · 1940 · DOM: 84 d
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Gay Green Homes for Sale in Asheville, SC
Gay Green feels like one of those Asheville pockets where the setting does a lot of the talking.
- Recently Sold
- 42
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About Gay Green
Community overview based on MLS listing data for Gay Green, Asheville
First Impressions
Gay Green feels like one of those Asheville pockets where the setting does a lot of the talking. The streets are lined with older cottages, bungalows, and renovated single-family homes that give the neighborhood a lived-in, well-loved character. Many homes sit on manageable lots, and the overall scale stays intimate rather than sprawling, which adds to the appeal for buyers who want a compact city neighborhood with real personality.
"A close-in Asheville pocket where historic charm meets everyday convenience."
Home Styles & Community Feel
This is primarily a single-family neighborhood with a strong mix of early- to mid-century homes, including cottages, bungalows, ranches, and raised ranches. Renovations show up often: updated kitchens, refreshed baths, new roofs, replacement windows, and finished or expandable lower levels are common themes. Several homes also include porches, fenced yards, outbuildings, and flexible bonus space that can be used for storage, workshops, or creative pursuits.
The feel here is practical and adaptable. Some properties lean toward classic character with hardwood floors and original details, while others have been reworked for modern living with open layouts and stronger indoor-outdoor flow. Many homes feature brick exteriors, though the architectural mix is broad enough that the neighborhood never reads as one-note.
Amenities & Daily Rhythm
Daily life in Gay Green is shaped by convenience and access. Nearby listings point to walkable streets, local restaurants, the bus route, neighborhood parks, and community garden space, along with easy reach to shopping and recreation. The Blue Ridge Parkway, the NC Arboretum, and Bent Creek Recreation Area are close enough to make outdoor time feel built into the routine. Several homes also highlight generous yards, garden space, and detached buildings, which gives the neighborhood a hands-on, flexible feel.
"Porches, workshops, and usable yards give the neighborhood its practical Asheville charm."
Location & Schools
Gay Green sits in South Asheville, with quick access to Hendersonville Road and major commuting routes. Public remarks place downtown Asheville about 5 to 10 minutes away in some listings, while Biltmore Village is about 1 mile from several addresses and the Blue Ridge Parkway is roughly 2 miles away. Nearby destinations mentioned in the listings include Biltmore Park, the Hendersonville Road shopping corridor, Juicy Lucy, Carrier Park, French Broad River Park, the River Arts District, Mission Hospital, and the London Road Arts District with Burial Brewery, Forestry Camp Restaurant, and Hillman Brewery.
School assignments commonly referenced for the area are Estes/Koontz Elementary, Valley Springs Middle, and T.C. Roberson High. That combination, along with the neighborhood’s central South Asheville setting, makes Gay Green especially well-positioned for buyers who value established streets and straightforward access to the city’s southern corridors.
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Market Trends
Closed sales from MLS history for Gay Green, Asheville
Median sale price · trailing 12 mo
$345,000
5 sales closed · May 2025 – Apr 2026
Asheville 1 yr ▾ 4.8%
Gay Green median sale price is $345,000; Asheville is down 4.8%.
The Gay Green real estate market shows buyer's market conditions. Homes typically sell within 62 days. With 0 active listings and 4 homes sold in the past year, buyers have more negotiating power and time to decide.
Pricing
- Median Price
- $345,000
- Average Price
- $401,700
- $/Sq.Ft (Q1)
- $132
- 1-Yr Price Trend
- −42.8%
Property Details
- Avg Bedrooms
- 2.5
- Avg Bathrooms
- 1.5
- Avg Lot Size
- 0.23 acres
Market Activity
- Active Listings
- 0
- Sold Last Year
- 4
- Median Days to Sell
- 62 days
Community Info
- Median Year Built
- 1940
- New Construction
- 0%