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Banner Elk Home Values and Market Report

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Market at a glance

Over the last 12 months, homes sold for 94.1% of list price in 130 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $958K Sold · $887K
$1.3M$1M$700K$400K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 38 sales in Aug. Last month: 38.

Where the market stands

All homes in this report, by status.

679homes
Active338 · 50%
Under contract42 · 6%
Sold (12 mo)299 · 44%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

11.3months of inventory
Seller's, under 4BalancedBuyer's, over 6

Buyers have room to negotiate in this market.

Average price by status

Active$786K
Under contract$752K
Sold$758K

Average days on market

Active175 days
Under contract134 days
Sold130 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 338
Average list price $785,667
Avg. days on market 175 days
Avg. price per ft² $524
Avg. living area 2,669 ft²
Avg. beds / baths 3.1 / 3.5

Price vs. living area

Each dot is one of the 250 newest homes. Hover a dot for its address, click it to see the home.

Not enough data to chart this.

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

Not enough data to chart this.

Highest price per ft²

Top 7 homes among the newest.

500 Adams Apple Drive Unit Units 1-6 + ADU$1,472
861 Talon Trail$1,120
193 Talon Trail$1,076
416 Spring Winds Drive$1,036
977 Summit Park Drive$973
40 Vineyard Trail$948
224 Chestnut Trail$946

All active listings (338)

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
Lot #39 King Lucious LaneBanner Elk, NC 28604 ———$139,000—0 days
40 Elk Hill DriveBanner Elk, NC 28604 21984$325,000$3306 days
812 Highland DriveBanner Elk, NC 28604 342,621$675,000$2573 days
68 Eagle PassBanner Elk, NC 28604 ———$149,900—7 days
135 Silver Eagle TrailBanner Elk, NC 28604 464,083$2,990,000$7325 days
Lot 81 Black Feather DriveBanner Elk, NC 28604 ———$229,000—6 days
731 River Run RoadBanner Elk, NC 28604 553,584$1,375,900$3839 days
225 Hillside DriveBanner Elk, NC 28604 442,387$885,000$37010 days
TBD Church RoadBanner Elk, NC 28604 ———$249,900—12 days
135 Wapiti Way Unit CBanner Elk, NC 28604 332,249$679,900$30211 days
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Questions about this market?

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These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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The information from this search is provided by the High 'Country Multiple Listing Service. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase.”