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Banner Elk, NC 28604 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Banner Elk, NC inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.05
ActiveActive listings: 167167PendingPending sales: 99
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): $530k$530kSoldMedian sold price (last 6 months): $502k$502k
What homes actually sell for in Banner Elk, NC
Distribution of 355 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $265k to $785k
$144k to $367k: 102 sales102sales$144k$367k to $589k: 91 sales$589k to $812k: 64 sales$589k$812k to $1.03M: 24 sales$1.03M to $1.26M: 15 sales$1.03M$1.26M to $1.48M: 9 sales$1.48M to $1.7M: 10 sales$1.48M$1.7M to $1.92M: 5 salesMedian $502k

What the numbers say

As of October 5, 2026, Resideline is tracking 167 active listings and 9 pending sales in ZIP code 28604. That pending-to-active ratio of 0.05 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $529,900, while the median of the 355 closed sales Resideline tracked over the last six months was $502,500. 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 91 days.

Frequently asked questions

What is the median home price in 28604?

The median closed sale price in Banner Elk, NC 28604 was $502,500 over the last six months, based on 355 closed sales tracked by Resideline. The middle half of those sales ranged from $265,000 to $785,000.

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

Resideline is currently tracking 9 pending sales against 167 active listings in 28604, a pending-to-active ratio of 0.05. 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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