$1,149,000
- 3,302 Sq Ft
270 Elk Hill Dr, Banner Elk, NC 28604
Linda Cramblit Blue Ridge Realty & Inv. - Banner Elk
3
Banner Elk, NC Multifamily Homes & Duplexes for Sale
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270 Elk Hill Dr, Banner Elk, NC 28604
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$845,000
- 2,000 Sq Ft
2730 Tynecastle Hwy, Banner Elk, NC 28604
2730 Tynecastle Hwy, Banner Elk, NC 28604Amy Labarre Blue Ridge Brokerage
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$599,000
- 3 Beds
- 2 Baths
- 1,425 Sq Ft
109 Beechwood Ln, Banner Elk, NC 28604
109 Beechwood Ln, Banner Elk, NC 28604Brad Melang 5 Points Realty
Why Live in Banner Elk
Banner Elk is a picturesque retreat nestled into the natural landscape of North Carolina’s High Country. “It has a pastoral, mountain feel, with shops and restaurants,” says Nate Wright of Hyatt in the High Country, who has sold several homes in the community. “It has a low-key, laid-back lifestyle. Another big draw is proximity to outdoor recreation.” This mountain town is home to about 1,300 full-time residents, but the population swells and the pace of activity picks up during the summer and winter seasons. Popular destinations include a lakefront beach, a state park with scenic views and two ski resorts. Banner Elk is also known for its downtown dining scene and the Woolly Worm Festival, the High Country equivalent of Groundhog Day. The community has a variety of single-family options, which can be used as primary residences or second homes. “You have everything from traditional suburban homes for full-time living to winter cabins – and a lot of luxury homes. Luxury condos and townhouses, too,” Wright says. “There is a veritable mix.” Most homes are multi-level designs on spacious lots with mountain views. The oldest homes date to the late 19th and early 20th centuries and can
Home Trends in Banner Elk, NC
On average, homes in Banner Elk, NC sell after 198 days on the market compared to the national average of 70 days. The median sale price for homes in Banner Elk, NC over the last 12 months is $650,000, up 7% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$650,000
Median Single Family Sale Price
$465,000
Median Townhouse Sale Price
$410,000
Median 2 Bedroom Sale Price
$479,500
Median 1 Bedroom Sale Price
$210,000
Average Price Per Sq Ft
$458
Number of Homes for Sale
76
Last 12 months Home Sales
196
Months of Supply
4.70
Median List Price
$515,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%
In Banner Elk, there are currently 3 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $599,000 to $1,149,000, there's a range to accomodate every budget. As of July, 2025 the median home price in Banner Elk is $515,000, while the average sale price is $1,251,369, offering insights into the local housing market. On average, multi-family homes spend 198 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Banner Elk, NC.
Banner Elk Types of Homes for Sale
More About Living in Banner Elk
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