The Banner Elk housing market is somewhat competitive. The median sale price of a home in Banner Elk was $625K last month, up 34.4% since last year. The median sale price per square foot in Banner Elk is $421, up 29.9% since last year.
What is the housing market like in Banner Elk today?
$625K
Sale Price
+34.4% since last year
$421
Sale $/Sq. Ft.
+29.9% since last year
Under List Price
4%
Days on Market
64.5
Down Payment
0.3%
Total Homes Sold
5
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How hot is the Banner Elk housing market?
Banner Elk is somewhat competitive. Homes sell in 64.5 days.
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100
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Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 65 days.
Hot homes
can sell for around list price and go pending in around 34 days.
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.
Risk Factor
Flood Factor
We’re working on getting current and accurate flood risk information
Fire Factor
<1% of properties are at risk of wildfire over the next 30 years
Wind Factor
Banner Elk has minimal risk of severe winds over the next 30 years
Heat Factor
We’re working on getting current and accurate heat risk information
Provided by First Street Foundation
Transportation in Banner Elk
Learn about the walkability, bikeability, and transit-friendliness of Banner Elk