Oak Terrace Townhomes in Asheville, NC
1 homeCommunity Highlights
- Central Asheville location
- Walkable access to downtown and UNCA
- Updated townhome layouts with low-maintenance living
- Shared green space and garden areas
* Based on what we noticed in listing details.
Community association is indicated on most current listings.
Assigned and overflow parking are mentioned in remarks.
* Based on what we noticed in listing details.
Architecture & Style
- Open Floor Plans
- Updated Kitchens
- Private Patios Or Decks
- Fireplaces
- Ensuite Bedrooms
- Storage Rooms Or Utility Rooms
- Wood And Tile Flooring
* Based on what we noticed in listing details.
Location & Proximity
Blue Ridge Mountains, western North Carolina
- Downtown Asheville
- UNCA
- Merrimon Avenue
- Five Points
- Trader Joe’s
* Based on what we noticed in listing details.
First Impressions
Oak Terrace has the feel of a tucked-away Asheville townhome pocket that still keeps the city within easy reach. Most homes sit along Spears Avenue, and the setting is defined by mature landscaping, shared green space, and a compact, low-maintenance footprint that makes the neighborhood feel organized and easy to navigate. The architecture is straightforward and practical, but the updates inside many homes give the community a polished, lived-in appeal.
"A central Asheville address with the comfort of a small townhome community and the city’s best conveniences close at hand."
Home Styles & Community Feel
The community is made up of townhomes built in the 1980s, with the oldest homes dating to 1983 and the newest to 1987. Floor plans commonly include two or three bedrooms, two or more baths, and open main living areas anchored by fireplaces. Renovated kitchens, updated bathrooms, wood or tile flooring, quartz or granite counters, and private patios or decks show up often, giving the homes a refreshed, move-in-ready character. With no garages or basements and very small lots, the emphasis here is on efficient space and easy upkeep rather than large yards.
Oak Terrace feels intimate rather than sprawling. Shared green areas, community garden space, and landscaped common grounds lend the neighborhood a softer edge, while parking close to the units adds everyday convenience. Many homes also offer storage rooms or utility spaces that make the compact layouts work well.
These insights are based on listing details and are informational only; verify details for any specific property.
Market Trends
Buyers have more negotiating power. Properties may take longer to sell.
Year-over-Year Comparison
Last 12 months





Recently Sold Properties
| Property | Sold Date▼ | Sale Price↕ | DOM↕ | LP/SP↕ | Size↕ | $/SF↕ |
|---|---|---|---|---|---|---|
![]() SOLD 16 Spears Avenue 3 2 bed2 bath | Nov 12 2025 | $371,500 | 50 | 99% | 1106 sq ft | $336 |
11 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 18 2 bed2 bath | Dec 17 2024 | $375,000 | 98 | 99% | 1090 sq ft | $344 |
8 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 12 3 bed2 bath | Mar 28 2024 | $381,000 | 76 | 98% | 1263 sq ft | $302 |
6 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 39 2 bed2 bath | Sep 27 2023 | $367,500 | 145 | 98% | 1122 sq ft | $328 |
8 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 23 3 bed2 bath | Jan 13 2023 | $460,000 | 29 | 99% | 1390 sq ft | $331 |
2 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 3 2 bed2 bath | Oct 20 2022 | $360,000 | 40 | 🎯100% | 1088 sq ft | $331 |
2 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 42 2 bed2 bath | Aug 4 2022 | $360,000 | 30 | 🎯115% | 1268 sq ft | $284 |
3 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 19 2 bed2 bath | Apr 26 2022 | $300,000 | 87 | 🎯100% | 1088 sq ft | $276 |
![]() SOLD 16 Spears Avenue 14 3 bed2 bath | Apr 6 2022 | $315,000 | 53 | 🎯100% | 1328 sq ft | $237 |
5 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 18 2 bed2 bath | Oct 26 2021 | $306,000 | 41 | 🎯104% | 1090 sq ft | $281 |
![]() SOLD 16 Spears Avenue 10 2 bed2 bath | Sep 20 2021 | $300,000 | 27 | 🎯100% | 1248 sq ft | $240 |
![]() SOLD 16 Spears Avenue 8 2 bed2 bath | Sep 15 2021 | $302,000 | 36 | 🎯101% | 1180 sq ft | $256 |
![]() SOLD 16 Spears Avenue 17 3 bed2 bath | Sep 9 2021 | $310,000 | 26 | 🎯103% | 1258 sq ft | $246 |
4 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 9 3 bed2 bath | Apr 28 2021 | $280,000 | 35 | 🎯102% | 1257 sq ft | $223 |
2 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 39 2 bed2 bath | Feb 25 2021 | $260,000 | 125 | 🎯100% | 1110 sq ft | $234 |
11 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 22 3 bed2 bath | Mar 27 2020 | $267,500 | 79 | 🎯100% | 1370 sq ft | $195 |
![]() SOLD 16 Spears Avenue Unit 43 2 bed2 bath | Feb 5 2020 | $220,000 | 51 | 🎯100% | 1136 sq ft | $194 |
5 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 17 3 bed2 bath | Sep 4 2019 | $246,500 | 160 | 🎯101% | 1371 sq ft | $180 |
![]() SOLD 16 Spears Avenue 13 3 bed2 bath | Aug 5 2019 | $247,000 | 62 | 🎯100% | 1371 sq ft | $180 |
![]() SOLD 16 Spears Avenue 39 2 bed2 bath | Jun 18 2019 | $229,000 | 36 | 🎯100% | 1088 sq ft | $210 |
1+ year gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 12 3 bed2 bath | Jan 10 2018 | $235,000 | 78 | 🎯100% | 1361 sq ft | $173 |
![]() SOLD 16 Spears Avenue 38 2 bed2 bath | Nov 14 2017 | $230,000 | 74 | 🎯100% | 1018 sq ft | $226 |
2+ year gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 22 3 bed2 bath | Jun 23 2015 | $182,000 | 84 | 96% | 1378 sq ft | $132 |
2 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue Unit 11 1 bed1 bath | Apr 6 2015 | $127,000 | 80 | 94% | 822 sq ft | $155 |
![]() SOLD 16 Spears Avenue 12 3 bed2 bath | Feb 20 2015 | $173,000 | 197 | 96% | 1371 sq ft | $126 |
6 month gap in market activity | ||||||
![]() SOLD 16 Spears Ave Unit 43 2 bed2 bath | Aug 8 2014 | $162,000 | 493 | 99% | 1198 sq ft | $135 |
![]() SOLD 16 Spears Avenue 15 3 bed2 bath | Jun 13 2014 | $186,500 | 247 | 99% | 1378 sq ft | $135 |
![]() SOLD 16 Spears Avenue 19 2 bed2 bath | May 23 2014 | $158,950 | 130 | 🎯100% | 1088 sq ft | $146 |
10 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 7 2 bed2 bath | Jul 24 2013 | $143,500 | 159 | 96% | 1090 sq ft | $132 |
10 month gap in market activity | ||||||
![]() SOLD 16 Spears Avenue 12 3 bed2 bath | Aug 31 2012 | $160,000 | 449 | 92% | 1372 sq ft | $117 |

16 Spears Avenue 3
$371,500

16 Spears Avenue 18
$375,000

16 Spears Avenue 12
$381,000

16 Spears Avenue 39
$367,500

16 Spears Avenue 23
$460,000

16 Spears Avenue 3
$360,000

16 Spears Avenue 42
$360,000

16 Spears Avenue 19
$300,000

16 Spears Avenue 14
$315,000

16 Spears Avenue 18
$306,000

16 Spears Avenue 10
$300,000

16 Spears Avenue 8
$302,000

16 Spears Avenue 17
$310,000

16 Spears Avenue 9
$280,000

16 Spears Avenue 39
$260,000

16 Spears Avenue 22
$267,500

16 Spears Avenue Unit 43
$220,000

16 Spears Avenue 17
$246,500

16 Spears Avenue 13
$247,000

16 Spears Avenue 39
$229,000

16 Spears Avenue 12
$235,000

16 Spears Avenue 38
$230,000

16 Spears Avenue 22
$182,000

16 Spears Avenue Unit 11
$127,000

16 Spears Avenue 12
$173,000

16 Spears Ave Unit 43
$162,000

16 Spears Avenue 15
$186,500

16 Spears Avenue 19
$158,950

16 Spears Avenue 7
$143,500

16 Spears Avenue 12
$160,000
Market Statistics
The Oak Terrace real estate market shows buyer's market conditions. Homes typically sell within 77 days. With 2 active listings and 1 homes sold in the past year, Buyers have more negotiating power and time to decide.
Pricing
Median Price:$372,000
Average Price:$372,000
Property Details
Avg Bedrooms:2.4
Avg Bathrooms:2.0
Avg Lot Size:0.02 acres
Market Activity
Active Listings:2
Sold Last Year:1
Median Days to Sell:77 days
Community Info
Median Year Built:1983
New Construction:0%
Recently Off Market Properties
2 propertiesLooking for similar properties?
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