Is Banner Elk Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Banner Elk Township has remained a Buyer's Market.
Housing Prices in Banner Elk Township, NC
How much do homes in Banner Elk Township, NC cost?
Median Sold Price
$275,000
$289/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Banner Elk Township was $275,000 in April 2024, down 4.4% from last month, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $260K | $265K | +1.9% |
3 Bedrooms | - | $800K | N/A |
4 Bedrooms | $1.2M | $867.5K | -32.0% |
5+ Bedrooms | - | - | N/A |
Summary: Banner Elk Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 32%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Banner Elk Township | $287.6K | $275K | -4.4% |
Banner Elk | $287.6K | $275K | -4.4% |
Banner Elk | $795.1K | $532.5K | -33.0% |
Housing Supply in Banner Elk Township, NC
How many homes are available in Banner Elk Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 37 | +12.1% |
Summary: The Banner Elk Township real estate market had 37 homes for sale in April 2024, a 12.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Banner Elk Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Banner Elk Township in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Banner Elk Township, NC
How long does it take to sell a home in Banner Elk Township, NC?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 Days | 72 Days | -36.3% |
Summary: Homes in Banner Elk Township had an average of 72 days on market in Apr 2024, down by 36.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Banner Elk Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.