Lake Lure, NC 28746 Real Estate Market Report

ZIP Code: 28746
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.

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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.

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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.

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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.

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Property Taxes

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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.

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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 Lake Lure, NC, average 6.3%, which is 0.43% higher than the 5.87% market average observed in February 2026.

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

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Key Findings

1. The primary market signal is the median sold price of $658,500, which represents the most reliable indicator of recent transaction value and suggests meaningful price levels prevailing for closed SFR and condo sales in the area; price momentum is positive year-over-year (price year-over-year trend: up).

2. There is a notable gap between the median listing price of $577,450 and the median sold price of $658,500, which may indicate pricing friction or sellers testing higher asking levels relative to actual transaction outcomes; exercise caution on list-to-sale expectations.

3. Market velocity is slow: the median days on market of 331 points to much longer holding periods and slower sales velocity than typical hot-market conditions, which may suggest more negotiation time and conditional offers for buyers; cold market temperature (market temperature: cold).

4. Affordability headwinds are present: interest rate pressure is elevated and local mortgage rates (Current 30-year fixed average 6.3%) sit above the recent market average, while rental dynamics show cooling with a median market rent of $1,179 and rent year-over-year trend: down, implying limited near-term rental upside for investors and constrained borrower capacity.

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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.