Since January 2024, the Asheboro City Council has approved five residential projects that together allow more than 1,000 new homes. A buyer shopping this November can't move into any of them. The two largest came with timelines measured in years, while the resale market a buyer can actually use has been loosening slowly all year.
So the number to watch this winter is the count of existing homes for sale, and that count is going up. The count of homes approved matters much less for now.
The Jobs Arrived Before the Houses
Housing demand is following employers who moved fast. Randolph County's economic development report for July 2025 through June 2026 says Toyota's Liberty battery facility had 3,000 employees on site and, as of June 2025, was shipping batteries. The same report lists Environmental Air Systems announcing 300 jobs in Asheboro, and a Ross distribution center in Randleman nearing completion with 852 jobs expected at full operation.
City leaders saw the demand coming. When the council moved Hillcrest Farm forward, Mayor David Smith told WFMY News 2 that "Asheboro, Randolph County can be ground zero for these thousands of people that may be moving to the Piedmont to work in these newly announced industries." He added that "the inventory of available housing is somewhat limited. We certainly have not had a lot of new construction."
The council answered with rezonings. Here's what has been approved and where each project stood at its most recent public record.
The Pipeline, Project by Project
| Project | Location | Approved | Homes allowed | Latest public status |
|---|---|---|---|---|
| Hillcrest Farm | West of Zoo Parkway, south of Newbern Avenue | Jan. 11, 2024 | Up to 350; revised in 2024 to 252 detached and 98 townhomes | City documents project build-out in 2031 |
| Old Cox / Old Humble Mill | Old Cox Road and Old Humble Mill Road | Amended July 2025 | 464: 312 single-family, 152 townhomes | Developer said homes likely at least three years out |
| Stanley Martin project | Crestview Church and Oakhurst roads, about 84 acres | May 7, 2026 | 191 single-family lots | Site undeveloped as of the May 2026 staff report; three-phase plan |
| 1223 Crestview Church Road | About 10 acres | Council-approved | 44 attached homes of roughly 1,000 square feet | Down from 58 units in the prior application |
| Macy's Meadow | 1138 Draper Street, 6.26 acres | Sept. 10, 2026 | 27 lots, including one existing home | No builder selected at approval |
Add up the right-hand column and you get more than 1,000 homes. The left-hand dates show how slowly they move. Hillcrest Farm was approved almost three years ago, and its own projected finish is still about five years away.
Why a Rezoning Takes Years to Become a Front Door
A rezoning gives permission. Before anyone can list a house, the land has to be graded, roads cut, and water and sewer laid. At the July 2025 council meeting on the Old Cox Road project, Randolph Hub reported Tom Flanagan of Southeastern Site Acquisitions saying houses "will likely not appear for at least three years as they work on grading and utilities." He called the approval "just our first step."
That project also shows how plans keep changing after approval. The amendment raised the home count from 399 to 464 and increased open space from 39.2% to 64.7% by grouping the buildings more tightly. Hillcrest Farm's mix changed the same way, from up to 286 detached homes to 252, with townhomes going from 64 to 98. Each revision can be a sensible design decision. It also means the homes you picture from a news headline may not be the homes that get built.
The newest approvals are even earlier in the process. When the council approved Macy's Meadow in September 2026, the developer, Daniel Stickler, said he did not yet have a builder. A project without a builder doesn't have floor plans, prices or a sales office yet.
What the Resale Market Did in the Meantime
While the pipeline waits on dirt work, Asheboro's existing-home market has been adding listings. In the third quarter of 2026, July through September, Asheboro had 130 homes on the market, up 14% from 114 in the same quarter of 2025, according to Greensboro Regional Realtors Association figures reported by the Courier-Tribune. Countywide, homes for sale rose 2.8%, from 320 to 329.
Homes are also taking longer to sell. Asheboro listings averaged 37 days on market in Q3 2026, up from 33 a year earlier. Randolph County averaged 41 days, up from 38.
Prices tell two different stories, depending on which figure you read.
| Asheboro, third quarter | 2025 | 2026 | Change |
|---|---|---|---|
| Median sales price | $270,000 | $275,000 | +1.9% |
| Average sales price | $290,079 | $306,420 | +5.6% |
| Gap between average and median | $20,079 | $31,420 | Wider by $11,341 |
The Courier-Tribune noted that the average "was skewed by larger increases for more expensive houses." In plain terms, the homes at the top of the market gained the most, while the typical Asheboro sale barely moved. Jenna McKenzie, chair of the GRRA's Asheboro-Randolph Council, told the paper that "the increase in available homes is welcome news for our local market, giving buyers more options as Randolph County continues to grow."
Where the New Construction You Can Buy Today Sits
The widening gap at the top lines up with what's on offer in new construction right now. Epcon lists The Villas at Pinewood in Asheboro as a "Final Opportunity" with homes "From the mid $300,000s." Nova Triad Homes, the Epcon builder there, lists a quick move-in home at 2423 Augusta Drive at $499,990. The community's starting price is already above the Q3 2026 median. That specific home is about 82% above it.
For buyers who own land or want acreage, Mitchell Homes markets plans it builds on the buyer's own lot in the Asheboro area. That route skips the subdivision timeline completely, but you have to find the land first.
The approved pipeline is aimed lower on the price scale. WFMY described Hillcrest Farm as an affordable housing proposal, and the Crestview Church Road attached homes run about 1,000 square feet each. Those are the homes that would compete directly with a $275,000 resale. They're also the ones furthest from move-in.
What This Means for a Buyer Shopping This Winter
Put it together and Asheboro's market has two timelines. The new supply aimed at the middle of the market is coming later in the decade. The supply you can buy today is resale, and it has more inventory and longer selling times than a year ago. For someone budgeting near the median, that leads to a practical plan:
- Shop resale with the Q3 numbers in mind. With 130 homes listed and an average of 37 days on market, a buyer has more time to compare than in Q3 2025.
- Read the median, not the average. The $275,000 median is closer to what a typical home sold for. The $306,420 average is pulled up by the most expensive sales.
- Treat a future subdivision as a backup plan. A project approved in 2024 or 2025 with build-out projected for the early 2030s is not an alternative to a home you could close on this winter.
- Compare towns close by. Asheboro's 14% inventory jump was much steeper than the county's 2.8%. A buyer weighing Randleman or other parts of Randolph County is comparing markets that are moving at different speeds.
Sellers can use the same numbers from the other side. More competing listings and slower sales mean pricing to the median-range comps matters more than it did a year ago, and Pam's home valuation tool is a good place to start.
A Few Quick Answers
Is anyone selling new homes in Asheboro right now? Yes. Epcon's The Villas at Pinewood is marketing homes from the mid-$300,000s, and Mitchell Homes builds on buyers' own lots. The large approved subdivisions are still at the site-work or planning stage.
When could Hillcrest Farm homes be available? City documents project full build-out in 2031, according to WFMY.
Who is building the 191-home Crestview Church Road project? Stanley Martin Homes was the applicant when the council approved annexation and conditional zoning on May 7, 2026, according to Randolph Hub.
If you're trying to decide whether to buy one of the homes for sale in Asheboro today or wait for one of the new subdivisions, Pam Robbins Real Estate Group can go through current listings and the project timelines with you and help you weigh them against your own move date. Schedule a consultation and we'll put real comps beside your budget.
