Lake Lure, NC 28746 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

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.

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 median sold price is 560,500, which should be treated as the primary indicator of market value and recent transaction activity; the gap between the median sold price and the median listing price of 727,200 suggests pricing friction between seller expectations and realized sale outcomes.
2. The market shows slower transaction velocity with a median days on market of 362, which, alongside a relatively constrained active supply in the analyzed sample, appears to reflect slower sales momentum and potential pricing negotiation timeframes.
3. Price year-over-year trend is up and the market temperature is neutral, indicating directional appreciation but an overall balanced market where neither buyers nor sellers uniformly dominate.
4. Median market rent is 1,350 while rent year-over-year trend is down; combined with prevailing mortgage rates averaging 6.56%, this dynamic may compress investor cash flow and help explain weaker mid-term rental economics noted in local context.

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.