Banner Elk, NC, Real Estate

Banner Elk, North Carolina, is a picturesque mountain town in Avery County, nestled in the Blue Ridge Mountains with a population of about 2,000. Known for its stunning natural beauty, the town is a year-round destination for outdoor enthusiasts, offering access to ski resorts like Sugar Mountain and Beech Mountain, as well as hiking, fishing, and kayaking along the nearby Elk River. Banner Elk boasts a vibrant community with charming local shops, farm-to-table restaurants, and cultural events like the annual Woolly Worm Festival, which celebrates mountain traditions. Home to Lees-McRae College, the town has a lively academic presence and a welcoming atmosphere. Surrounded by breathtaking vistas and close to the Blue Ridge Parkway, Banner Elk blends small-town charm with abundant recreational opportunities, making it a gem for residents and visitors alike.

Banner Elk currently has 20 single family homes for sale with an average list price of $2,090,840, 6 condos for sale with an average list price of $376,983.33, and 21 lots for sale with an average list price of $787,985.67.

Current Homes for Sale

Schools

School District Level Grades
Valle Crucis Elementary Watauga County Schools School District Elementary PK, KG-8
Watauga High Watauga County School District High 9-12

Schools

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Banner Elk, i.e. what's hot and what's not.

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Recent Sales

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Subdivisions

Subdivisions Median Price
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Adams Apple

Adams Apple is a condo and townhouse community in Banner Elk, North Carolina, built between 1969 and 2005. It currently has 1 condo for sale with a list price of $329,000. The homes range in size from 870 ft2 to 2,097 ft2. ... Read more
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Eagles Nest

Eagles Nest is a single-family home community in Banner Elk, North Carolina, built between 2019 and 2023. It currently has 1 single family home for sale with a list price of $4,500,000 and 1 lot for sale with a list price of $179,900. The homes range in size from 1,170 ft2 to 4,959 ft2. The HOA fees range from $400 to $421 per month. It is located in Avery County. ... Read more
Median Price: $1,600,000
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Forest Ridge

Forest Ridge is a subdivision in Banner Elk, North Carolina. It currently has no homes for sale. It is located in Watauga County.
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Mill Ridge

Mill Ridge is a single-family home community in Banner Elk, North Carolina, built between 1980 and 1987. It currently has 1 single family home for sale with a list price of $749,000. The homes range in size from 600 ft2 to 2,826 ft2. The HOA fees range from $165 to $175 per month. It is located in Watauga County. ... Read more
Median Price: $405,250
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Mountain Meadows

Mountain Meadows is a single-family home community in Banner Elk, North Carolina, built between 1980 and 1999. It currently has 1 single family home for sale with a list price of $2,300,000. The homes range in size from 1,736 ft2 to 3,140 ft2. The HOA fees range from $42 to $167 per month. It is located in Avery County. ... Read more
Median Price: $730,000
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Subdivisions

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Market Trends

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Nearby Golf Courses

Diamond Creek

25 Rockrose, Banner Elk, NC 28604
holes

Elk River Golf Club

1000 Clubhouse Drive, Banner Elk, NC 28604
Par 72 • 72 holes • 6755 yards

Nearby Golf Courses

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Real Estate News

Homes Just Sold in Banner Elk: October 14th to October 20th

Homes Just Sold in Banner Elk: October 14th to October 20th - October 21, 2025

Banner Elk had only 1 sale during the week of Tuesday, October 14 to Monday, October 20, including and it was a lot for sale with a list price of ... continue reading
New Construction Homes For Sale This Week in Banner Elk: October 8th to October 14th

New Construction Homes For Sale This Week in Banner Elk: October 8th to October 14th - October 15, 2025

Banner Elk had only 1 new construction home during the week of Wednesday, October 8 to Tuesday, October 14, and it was a single family home for sale with a ... continue reading
New Homes For Sale This Week in Banner Elk: October 3rd to October 9th

New Homes For Sale This Week in Banner Elk: October 3rd to October 9th - October 10, 2025

Banner Elk had 5 new homes for sale during the week of Friday, October 3 to Thursday, October 9, including including 4 single family homes for sale with an average ... continue reading
Homes Just Sold in Banner Elk: September 30th to October 6th

Homes Just Sold in Banner Elk: September 30th to October 6th - October 7, 2025

Banner Elk had only 1 sale during the week of Tuesday, September 30 to Monday, October 6, including and it was a condo for sale with a list price of ... continue reading
Homes Just Sold in Banner Elk: September 23rd to September 29th

Homes Just Sold in Banner Elk: September 23rd to September 29th - September 30, 2025

Banner Elk had 2 sales during the week of Tuesday, September 23 to Monday, September 29, including including 2 single family homes for sale with an average list price of ... continue reading
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Real Estate News

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