Black Mountain, NC 28711 Real Estate Market Report

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

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

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

Key Findings

1. The neighborhood's primary market indicator, median sold price, is $540,500, which anchors recent transaction value and suggests the market is trading below prevailing asking levels; this aligns with a flat price year-over-year trend and supports using recent sales as the most reliable pricing guide.
2. Sellers are listing homes above recent transaction levels—median listing price is $595,000—creating a pricing gap that, together with a long median days on market of 420, may indicate pricing friction and slower sales velocity rather than acute distress; note that elevated interest rate pressure could be contributing to this dynamic. elevated interest rate pressure
3. Rental demand appears stronger relative to sales metrics: median market rent is $1,950 and rent year-over-year trend is up, which suggests landlords may see steady cashflow prospects even as transaction activity cools.
4. Market-level indicators are broadly balanced: market temperature is neutral while the local 30-year fixed mortgage rate is reported at 6.6%, a level that corresponds with the stated elevated interest rate pressure and may continue to pressure affordability and buyer pacing in the near term.

Notable Properties

The following 7 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.