Banner Elk, NC Home Values & Market Trends
Real estate market trends reflect that there have been 401 transactions over the past year in Banner Elk. The median value for residential home transactions that occurred over the previous year is $871,968. The number of current listings in Banner Elk is 202, and the percentage of properties for sale in the city is 202.00%. Banner Elk, NC currently has 2 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 202 properties for sale.
Banner Elk, NC Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 28604 | $ 650,000 $ 345/sqft |
Housing Market Summary for Banner Elk, NC
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $749K | $884K | 18.02% |
| Median Sold Price | $446.1K | $625.5K | 40.20% |
| Homes For Sale | 135 | 201 | 48.89% |
| Homes Sold | 220 | 244 | 10.91% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Banner Elk, NC
Browse Homes in Banner Elk, NC
Banner Elk home values range from $85,954 to $16,317,071. The median estimated value of a home in Banner Elk is $871,968. The median list price of a home is 893,500, and the total count of properties in the city is 450.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Banner Elk, NC with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Banner Elk, NC; of that zips, 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 OwnedThe median estimated home value of bank owned homes (REO properties) in Banner Elk, NC ranges from the highest value of $308,677 in 28604 to the lowest value of $308,677 in 28604. Bank owned homes and properties account for 0.22% of properties in Banner Elk, NC. There is 1 zips within Banner Elk, NC; 28604 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions28604 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Banner Elk, NC. Auction homes and other auction properties account for 0.22% of all properties in Banner Elk, NC. There is 1 zips within Banner Elk, NC; of that zips, the median estimated home value for homes going to auction ranges from $304,048 in 28604 to the lowest value of $304,048 in 28604.
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Guide for Banner Elk, NC
North Carolina Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.