Black Mountain, NC 28711 Real Estate Market Report

ZIP Code: 28711
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Black Mountain, NC, are approximately 6.5%, which is 0.5% higher than the 6.0% market lows observed in February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The primary market value signal is the median sold price of 597,000, which should be treated as the representative recent sale supporting current pricing assumptions; use sold transactions for valuation when reconciling listing expectations.

2. There is a persistent listing–transaction disconnect: the median listing price of 572,811 sits alongside the higher median sold price of 597,000, which may indicate sellers who price competitively or selective buyer acceptance of premium offers; pricing friction appears present in negotiation dynamics.

3. Liquidity is slow: the median days on market is 331, consistent with the reported cold market temperature, and this longer time-to-contract suggests slower sales velocity and greater buyer negotiating leverage despite upward price trends.

4. Macro and rental context is mixed but relevant for investors: median market rent is 2,000 and rent year-over-year trend is up, while interest rate pressure is described as elevated and local 30-year fixed mortgage rates are approximately 6.5% (about 0.5% above recent lows), which together imply rising operating income potential but heavier financing headwinds; elevated interest rate pressure may constrain buyer demand.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Black Mountain, NC 28711 Real Estate Market Report

ZIP Code: 28711
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Liquidity metrics unavailable due to insufficient data quality.

---

Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Black Mountain, NC, are approximately 6.5%, which is 0.5% higher than the 6.0% market lows observed in February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. median sold price is not available in the provided metrics, so recent transaction-level valuation cannot be stated precisely; this metric may be unavailable because the sample dataset or reporting feed did not include a consolidated median sale figure for the analyzed period, which limits direct statements about current market value. data gap

2. market temperature is cold, indicating a buyer-leaning environment with softening transaction momentum and slower sales velocity; sellers should expect longer marketing windows and increased negotiation on price and terms.

3. price year-over-year trend is up, which suggests that despite the colder market temperature, recent sold prices have moved higher year-over-year; this creates a mixed signal where pricing may be resilient but liquidity is weaker. up

4. median market rent: $2,000 combined with a rent year-over-year trend of up points to strengthening rental dynamics that may support investor interest and provide alternative demand even as sales slow; however, elevated interest rate pressure (approximately 6.5% current 30-year fixed rate, 0.5% above recent lows) may temper purchase activity and financing appetite. up

---

Notable Properties

The following 4 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.