Updated July 2026Zillowmonthly
28604 Real Estate Market Update: Banner Elk, NC, July 2026
The latest housing-market numbers for ZIP code 28604 in Banner Elk, North Carolina, for July 2026: a $488K median sale price, straight from Zillow Research. ZIP-level figures are monthly figures, smoothed over three months by Zillow.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $488K | ▼ -1.2% | ▼ -7.3% |
| Days to pending | 133 | ▲ +3.1% | ▲ +37.1% |
| Homes for sale | 452 | ▲ +10.8% | ▼ -0.9% |
| Sale-to-list | 95.7% | • 0.0% | n/a |
| New listings | 98 | ▲ +4.3% | ▲ +7.7% |
Figures from Zillow Research (monthly figures, smoothed over three months by Zillow). Verify against your MLS before posting. Not a valuation for a specific home.
What the 28604 numbers say
The 28604 ZIP in Banner Elk is cooling. The median sale price sits at $487,763, 7.3% below last year. The market has loosened: a typical listing now takes around 133 days to go under contract, with sellers getting 95.7% of list price.
With 452 homes for sale and 98 new listings this month, 28604 is currently an active market.
What this means if you sell in 28604
Use these figures to set expectations early with each client. Lead a listing appointment with the $488K median price and the 133-day pace, show the year-over-year direction, and frame 28604 as an active market. A buyer or seller client trusts an agent who knows their exact ZIP, not just the metro average.
How we track the 28604 market
We built LOKAL to pull 28604's numbers straight from Zillow Research, so an agent and a client read from the same source. For July 2026 we recorded a $488K median sale price, -7.3% year over year, a 95.7% sale-to-list ratio and a -1.2% month-over-month move with 452 homes for sale. That compares with roughly $526K a year earlier, in 2025. We refresh every ZIP monthly from Zillow Research, which only publishes a smoothed median once a ZIP has enough transactions, so the median stays reliable instead of noisy. Both sources have published ZIP-level series for years, which is what lets us show month-over-month and year-over-year change here in 2026. LOKAL is independent and not affiliated with Zillow; always verify against your MLS before you publish.
ZIP-code areas follow U.S. Postal Service boundaries; for complementary demographics on 28604 (population, median household income, owner-occupancy), see the U.S. Census Bureau profile for this ZIP Code Tabulation Area. LOKAL covers price and pace; the Census covers who lives there.
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Build the 28604 post →Frequently asked: the 28604 housing market
- What is the median home price in ZIP 28604 (Banner Elk, NC)?
- As of July 2026, the median sale price in ZIP 28604 is $487,763 (-7.3% year over year), per Zillow Research. Figures are monthly figures, smoothed over three months by Zillow for this ZIP code.
- Is ZIP 28604 a buyer's or seller's market right now?
- ZIP 28604 is currently an active market, based on a 95.7% sale-to-list ratio, about 133 days on market for July 2026.
- How long do homes take to sell in ZIP 28604?
- A typical listing in 28604 goes under contract in about 133 days as of July 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 28604 market data come from?
- All figures for 28604 come from Zillow Research: monthly figures, smoothed over three months by Zillow. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Zillow.
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Data from Zillow Research (ZIP-level market data, monthly figures, smoothed over three months by Zillow), not a valuation for a specific home.