Banner Elk, NC 28604 Housing Market
- Active listings48currently for sale
- Pending sales29under contract
- Median asking price$499,200current listings
- Inventory age2 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)278a tracked sample, not a market total
- Median sold price$489,000last 6 months
- Middle half of sold prices$239k to $730k25th to 75th percentile
What the numbers say
As of July 18, 2026, Resideline is tracking 48 active listings and 29 pending sales in ZIP code 28604. That pending-to-active ratio of 0.60 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.
The median asking price of current listings is $499,200, while the median of the 278 closed sales Resideline tracked over the last six months was $489,000. 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. The median active listing in 28604 has been on the market for 2 days.
Frequently asked questions
What is the median home price in 28604?
The median closed sale price in Banner Elk, NC 28604 was $489,000 over the last six months, based on 278 closed sales tracked by Resideline. The middle half of those sales ranged from $239,000 to $730,000.
Is 28604 a buyer's or seller's market?
Resideline is currently tracking 29 pending sales against 48 active listings in 28604, a pending-to-active ratio of 0.60. 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 seller's market.