$389,000
- 2 bd
- 2 ba
- 1,072 sqft
510 Elderberry Ridge Rd APT H202
Banner Elk, NC Housing Market
$578,959
0.4% 1-yrThe average Banner Elk, NC home value is $578,959, up 0.4% over the past year, and homes go to pending in around 81 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Banner Elk Key Takeaways
Typical Home Values: $578,959
1-Year Value Change: +0.4%
(Data through September 30, 2026)
Banner Elk Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 177 ()
New Listings: 32 ()
Median Sale to List Ratio: --
Median Sale Price: $706,667 ()
Median List Price: $967,467 ()
Percent of Sales Over List Price: --
Percent of Sales Under List Price: --
Median Days to Pending: 81 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Banner Elk
- NameMedian ZHVI
- Valle Crucis$618,818
- Grandfather$1,499,516
- Hunter--
- Biltmore--
- Milligan--
- Central--
- South Side$246,176
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Banner Elk Rental Market Trends
Average Rent: --
National Average Rent: $1,932 ()
Month-Over-Month Change: --
Year-Over-Year Change: --
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Banner Elk, NC?
The median home value in Banner Elk, NC is $578,959 as of September 2026. This represents a 0.4% increase compared to last month and a 0.4% increase year-over-year.
How have home values changed in Banner Elk, NC?
Home values in Banner Elk, NC have increased by 0.4% month-over-month and 0.4% year-over-year.
How do home values in Banner Elk, NC compare to Watauga County, North Carolina, and the national average?
The median home value in Banner Elk, NC ($578,959) compares to: Watauga County ($507,749), North Carolina ($332,159), and the U.S. national median ($366,157).
