How does the housing market look in 28604? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.
Market Insights
28604 Banner Elk, NC
Median Sale Price
$634,950
277.9%
New Listings
12
71.4%
Number of Homes Sold
4
100.0%
Median Days on Market
Market Overview
All Home Types
In the last 30 days, homes for sale in 28604, Banner Elk, NC sold for a median price of $634,950, up 277.9% compared to the same period last year. The median price per square foot was $256.80, up 17.1% year-over-year. There were 4 homes sold, up from 2 last year.
Median
lightbulbWhat does this mean?
The median sale price helps you understand how much you should expect to spend on a home in a market. The higher the median price of the homes, the more expensive the market is overall. The rate at which home prices change is an indicator of whether homes are becoming more or less affordable in that market. Learn more about buying a home.
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Get your maximum home value with minimal effort
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Get StartedHousing Supply
All Home Types
Yesterday, the total number of homes for sale in 28604, Banner Elk, NC was 26, up 85.7% compared to last year. In the last 30 days, 12 new homes were listed for sale, up 71.4% year-over-year. The months of supply was 5, up from 2.5 months last year.
lightbulbWhat does this mean?
The number of homes that are available for sale in a market tells you how much choice you have. The rate at which this number changes indicates whether the number of options are increasing or decreasing for buyers. Learn more about buying in a hot market.
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Your dream home is waiting for you.
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Start QuizHousing Demand
All Home Types
In the last 30 days, homes in 28604, Banner Elk, NC had a median sale-to-list-price ratio of 86.48%, down 5.6 pt compared to the same period last year. 0% of homes sold above list price, same as last year. 75% of homes listed dropped in price, up 75 pt from last year.
Median
lightbulbWhat does this mean?
Sale-to-list price tells you how much you may have to pay over the asking price to buy the home you want. When this number is above 100%, you may need to pay more than the asking price for the home you want.
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Cash offers are 4x more likely to be accepted.
Orchard helps you make a stronger, cash-backed offer.
Get StartedHomes For Sale In 28604
Blue Ridge Realty & Investments • MLS 3872888 • Status: Active