Comprehensive market data and analysis• Updated Dec 2025
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 5 | 13 | 37 | 73 |
| 1-2 acres | 1 | 8 | 21 | 30 |
| 2-5 acres | 3 | 12 | 18 | 29 |
| 5-10 acres | - | 1 | 2 | 2 |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | - | - | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 9 | 34 | 79 | 137 |
Acreage buckets
The median price for land in Banner Elk, North Carolina is currently $46K per acre. For a typical parcel, the median sale price is $115K. Recently, the cheapest land sold for $115K while premium lots reached $115K.
The median land price in Banner Elk, North Carolina stands at $115K. This translates to roughly $46K per acre for the typical parcel size.
The 12-month rate is 8.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 1 active listings in Banner Elk, North Carolina. The median asking price is $300K.
Over the past 12 months, Banner Elk, North Carolina saw 1 properties sold, totaling $115K in sales volume.
Land in Banner Elk, North Carolina averages $46K per acre. The median price per acre is $46K, which may be more representative of typical transactions. Most parcels sold are around 2.5 acres.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.