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 18 single family homes for sale with an average list price of $2,222,961.11, 8 condos for sale with an average list price of $394,450, and 26 lots for sale with an average list price of $636,738.42.
Schools
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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
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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.
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Eagles Nest is a single-family home community in Banner Elk, North Carolina, built in 2019. It currently has 1 lot for sale with a list price of $179,900. The homes have an average size of 1,170 ft2. It is located in Avery County.
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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 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.
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Median Price: $405,250 |
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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 $500 to $2,000 per month. It is located in Avery County.
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Median Price: $730,000 |
Show all 10 Subdivisions
Subdivisions
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Market Trends
Banner Elk home sales for the month of August rose in volume by 200% when compared to last year, while the median sale price rose by 138.9% from $450,000 to $1,075,000. House sales stayed the same, while the median sale price stayed the same. Condo sales stayed the same, while the median sale price stayed the same.
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29
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16
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$870,000
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$540,000
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$626,400
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$540,000
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2021 |
2022 |
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2024 |
Median Sale Price for Banner Elk
Number of Sales for Banner Elk
Market Trends
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Nearby Golf Courses
25 Rockrose, Banner Elk, NC 28604
holes
1000 Clubhouse Drive, Banner Elk, NC 28604
Par 72 • 72 holes • 6755 yards
Nearby Golf Courses
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Real Estate News
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Banner Elk had only 1 sale during the week of Tuesday, August 26 to Monday, September 1, including and it was a single family home for sale with a list ...
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Banner Elk had only 1 sale during the week of Tuesday, August 19 to Monday, August 25, including and it was a single family home for sale with a list ...
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Banner Elk had 4 new homes for sale during the week of Friday, August 15 to Thursday, August 21, including including 4 lots for sale with an average list price ...
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Banner Elk had 3 new homes for sale during the week of Friday, August 8 to Thursday, August 14, including including 2 condos for sale with an average list price ...
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Banner Elk had only 1 sale during the week of Tuesday, August 5 to Monday, August 11, including and it was a condo for sale with a list price of ...
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Real Estate News
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