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Banner Elk, NC 28604 Housing Market

Data snapshot: August 26, 2026. Closed-sale window: last 6 months.
Banner Elk, NC inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.90
ActiveActive listings: 3939PendingPending sales: 3535
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): $469k$469kSoldMedian sold price (last 6 months): $500k$500k
What homes actually sell for in Banner Elk, NC
Distribution of 315 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $260k to $795k
$140k to $341k: 89 sales89sales$140k$341k to $542k: 73 sales$542k to $744k: 49 sales$542k$744k to $945k: 33 sales$945k to $1.15M: 16 sales$945k$1.15M to $1.35M: 9 sales$1.35M to $1.55M: 7 sales$1.35M$1.55M to $1.75M: 8 salesMedian $500k

What the numbers say

As of August 26, 2026, Resideline is tracking 39 active listings and 35 pending sales in ZIP code 28604. That pending-to-active ratio of 0.90 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.

The median asking price of current listings is $469,000, while the median of the 315 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 315 closed sales tracked by Resideline. The middle half of those sales ranged from $260,000 to $795,000.

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

Resideline is currently tracking 35 pending sales against 39 active listings in 28604, a pending-to-active ratio of 0.90. 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.

Nearby ZIP code market data

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