Banner Elk, NC 28604 Housing Market
- Active listings36currently for sale
- Pending sales43under contract
- Median asking price$477,000current listings
- Inventory age2 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)319a tracked sample, not a market total
- Median sold price$500,000last 6 months
- Middle half of sold prices$263k to $795k25th to 75th percentile
What the numbers say
As of September 7, 2026, Resideline is tracking 36 active listings and 43 pending sales in ZIP code 28604. That pending-to-active ratio of 1.19 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.
The median asking price of current listings is $477,000, while the median of the 319 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. 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 $500,000 over the last six months, based on 319 closed sales tracked by Resideline. The middle half of those sales ranged from $263,000 to $795,000.
Is 28604 a buyer's or seller's market?
Resideline is currently tracking 43 pending sales against 36 active listings in 28604, a pending-to-active ratio of 1.19. 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.