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Banner Elk, NC 28604 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Banner Elk, NC inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.07
ActiveActive listings: 163163PendingPending sales: 1212
Banner Elk, NC: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $430k$430kSoldMedian sold price (last 6 months): $500k$500k
What homes actually sell for in Banner Elk, NC
Distribution of 331 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $260k to $800k
$140k to $363k: 99 sales99sales$140k$363k to $586k: 86 sales$586k to $809k: 51 sales$586k$809k to $1.03M: 29 sales$1.03M to $1.26M: 17 sales$1.03M$1.26M to $1.48M: 3 sales$1.48M to $1.7M: 10 sales$1.48M$1.7M to $1.92M: 4 salesMedian $500k

What the numbers say

As of September 14, 2026, Resideline is tracking 163 active listings and 12 pending sales in ZIP code 28604. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $430,000, while the median of the 331 closed sales Resideline tracked over the last six months was $500,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 28604 for 97 days.

Frequently asked questions

What is the median home price in 28604?

The median closed sale price in Banner Elk, NC 28604 was $500,000 over the last six months, based on 331 closed sales tracked by Resideline. The middle half of those sales ranged from $260,000 to $799,995.

Is 28604 a buyer's or seller's market?

Resideline is currently tracking 12 pending sales against 163 active listings in 28604, a pending-to-active ratio of 0.07. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 28604 currently looks like a balanced market.

Nearby ZIP code market data

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