Banner Elk, NC Housing Market

The Banner Elk housing market is not very competitive. The median sale price of a home in Banner Elk was $565K last month, up 15.3% since last year. The median sale price per square foot in Banner Elk is $381, up 11.4% since last year.

Trends
Demand
Migration
Schools
Climate

Banner Elk Housing Market Trends

What is the housing market like in Banner Elk today?

$565K

Sale Price

+15.3%
since last year

$381

Sale $/Sq. Ft.

+11.4%
since last year

Under List Price

6.1%

Days on Market

Down Payment

0.3%

Total Homes Sold

To compare other locations to the Banner Elk and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Banner Elk add value to a home.

How hot is the Banner Elk housing market?

Banner Elk is not very competitive. Homes sell in 77 days.

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 6% below list price and go pending in around 77 days.
Hot homes
can sell for about 1% below list price and go pending in around 54 days.

Compare With Nearby Cities

Boone

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 52 days.
Hot homes
can sell for about 1% below list price and go pending in around 21 days.

Blowing Rock

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 41 days.
Hot homes
can sell for about 1% above list price and go pending in around 27 days.

See more nearby cities and neighborhoods

Banner Elk Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Banner Elk that sold recently

Recently sold homes

SOLD DEC 12, 2024
3D WALKTHROUGH
$1,191,000 Last Sold Price
3 beds
3.5 baths
2,768 sq ft
512 Rocky Pkwy, Banner Elk, NC 28604
List Price
$1,235,000
Sale to List
4% under list
Days on Market
157 days
512 Rocky Pkwy, Banner Elk, NC 28604
SOLD DEC 10, 2024
$513,000 Last Sold Price
3 beds
3 baths
1,795 sq ft
184 Farm Ln, Banner Elk, NC 28604
List Price
$535,000
Sale to List
4% under list
Days on Market
83 days
184 Farm Ln, Banner Elk, NC 28604
SOLD DEC 10, 2024
$455,000 Last Sold Price
3 beds
2.5 baths
2,220 sq ft
720 Stoneybrook Ln, Banner Elk, NC 28604
List Price
$499,000
Sale to List
9% under list
Days on Market
1 day
720 Stoneybrook Ln, Banner Elk, NC 28604
SOLD DEC 6, 2024
$1,430,000 Last Sold Price
4 beds
4.5 baths
3,211 sq ft
34 Sky Rock Dr, Banner Elk, NC 28604
List Price
$1,749,000
Sale to List
18% under list
Days on Market
87 days
34 Sky Rock Dr, Banner Elk, NC 28604
SOLD DEC 5, 2024
$1,430,000
3 beds
3.5 baths
2,468 sq ft
Sky Rock Dr, Elk Park, NC 28622
List Price
—
Sale to List
—
Days on Market
—
Sky Rock Dr, Elk Park, NC 28622
SOLD DEC 5, 2024
$850,000 Last Sold Price
—beds
—baths
—sq ft
Lot 33 Ninebark Rd, Banner Elk, NC 28604
List Price
$850,000
Sale to List
0% over list
Days on Market
162 days
Lot 33 Ninebark Rd, Banner Elk, NC 28604
SOLD DEC 5, 2024
$675,000 Last Sold Price
3 beds
3.5 baths
2,044 sq ft
210 Heather Ln, Banner Elk, NC 28604
List Price
$775,000
Sale to List
13% under list
Days on Market
118 days
210 Heather Ln, Banner Elk, NC 28604
SOLD DEC 4, 2024
$312,500 Last Sold Price
2 beds
2 baths
1,134 sq ft
242 Elk Hill Dr #1, Banner Elk, NC 28604
List Price
$339,900
Sale to List
8% under list
Days on Market
134 days
242 Elk Hill Dr #1, Banner Elk, NC 28604
See all recently sold homes in Banner Elk.
See listings

Schools in Banner Elk

Learn about schools in the Banner Elk area

Elementary
Middle
High

GreatSchools Rating

9/10

Banner Elk Elementary School

Public • PreK-5

163

Students

4 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Banner Elk housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Banner Elk.

Provided by First Street Foundation

More real estate resources for Banner Elk

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