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
$287,650
$282/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Banner Elk Township was $287,650 in March 2024, down 7.6% from last month, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $287.9K | $260K | -9.7% |
3 Bedrooms | - | - | N/A |
4 Bedrooms | $755K | $1.2M | +68.9% |
5+ Bedrooms | - | - | N/A |
Summary: Banner Elk Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 68.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Beech Mountain | $254.5K | $1.2M | +401.0% |
Banner Elk | $335K | $795.1K | +137.4% |
Banner Elk | $301.4K | $287.6K | -4.6% |
Banner Elk Township | $311.4K | $287.6K | -7.6% |
Housing Supply in Banner Elk Township, NC
How many homes are available in Banner Elk Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 37 | +15.6% |
Summary: The Banner Elk Township real estate market had 37 homes for sale in March 2024, a 15.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 16 | 17 | +6.3% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Banner Elk Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Banner Elk Township in March 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 Days | 113 Days | +1458.6% |
Summary: Homes in Banner Elk Township had an average of 113 days on market in Mar 2024, up by 1458.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Banner Elk Township; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.