Avery County, NC Home Values & Market Trends

The median home price in Avery County, NC is $248,503.57. There were 960 home sales in Avery County, NC over the past 12 months. The median residential Avery County, NC home value for transactions over the previous year is $177,500. The number of current listings in Avery County, NC is 40, and the percentage of properties for sale is 40.00%. The county has 4 foreclosures, 2 bank owned properties, 2 headed for auction, and 40 properties for sale.

Avery County, NC Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Banner Elk

$ 543,216

$ 324/sqft

Pineola

$ --

$ --

Newland

$ 302,160

$ 212/sqft

Crossnore

$ --

$ --

Elk Park

$ 397,472

$ 296/sqft

Linville

$ --

$ --

Montezuma

$ --

$ --

Plumtree

$ --

$ --

Minneapolis

$ --

$ --

Housing Market Summary for Avery County, NC

Mar 2023February 2024Change
Median Listing Price$379.9K$280.7K-26.10%
Median Sold Price$197.8K$280.7K41.96%
Homes For Sale273218.52%
Homes Sold533513-3.75%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Avery County, NC

Avery County, NC home values range from $17,280 to $58,302,951. Banner Elk is the priciest city with a median listing home price of $539,000, and Newland is most affordable with average house prices of around $265,000.

Foreclosure
There are 9 cities within Avery County, NC; within these cities, the median estimated home value for homes in foreclosure ranges from $206,755 in Newland to the lowest value of $199,286 in Newland. Foreclosure homes account for 0.00% of properties in Avery County, NC with Newland containing 3 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Avery County, NC with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 9 cities within Avery County, NC; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Avery County, NC ranges from the highest value of $199,286 in Newland to the lowest value of $199,286 in Newland. Bank owned homes and properties account for 0.01% of properties in Avery County, NC. There are 9 cities within Avery County, NC; Newland containing 1 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Newland has 2 auction properties, the highest number of properties going to auction in a single city in the state of Avery County, NC. Auction homes and other auction properties account for 0.01% of all properties in Avery County, NC. There are 9 cities within Avery County, NC; of those cities, the median estimated home value for homes going to auction ranges from $400,303 in Newland to the lowest value of $206,755 in Newland.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.23% of residential properties in Avery County, NC with Banner Elk containing 22 homes for sale, the highest number of listed properties in a single city. There are 9 cities within Avery County, NC; homes for sale in those cities, have a range of median values from $1,718,202 in Elk Park to the lowest value of $72,648 in Newland.
    Sold Homes
    The median value for recently sold homes ranges from $9,246,272 in Linville to the lowest price of $18,020 in Linville. There are 9 cities within Avery County, NC. Banner Elk has 194 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.50% of properties in Avery County, NC.

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      Guide for Avery County, NC

      Foreclosure
      North Carolina Foreclosure Laws
      Buy to Rent
      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent
      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent
      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      See More Articles
      North Carolina Foreclosure Laws
      Foreclosure|posted 6 June 2019

      North Carolina Foreclosure Laws

      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent|posted 12 March 2024

      In Greensboro, NC, real estate trends indicate a decreasing average property value and sale price as of February 2024 while maintaining consistent market activity. Property values in the city indicate an affordable entry point for homebuying in comparison to neighboring areas.

      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent|posted 29 February 2024

      The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.

      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      Buy to Rent|posted 12 February 2024

      This blog post explores the varying property values and real estate trends in Charlotte, North Carolina and its surrounding areas within a span of a year. The analysis provides insights into median property values, square foot prices, sold properties, foreclosures, market health, and local submarkets.

      Recently Listed Homes Avery County, NC

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