Lake Lure, NC 28746 Real Estate Market Report

ZIP Code: 28746
Report Date: April 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Lake Lure, NC is currently characterized by a median sold price of $679,000, reflecting a price year-over-year trend that is up. This indicates a positive shift in market value, despite the overall market temperature being classified as cold. The median days on market stands at a notably high 337 days, suggesting a slower sales velocity and potentially indicating a shift towards a buyer's advantage as elevated inventory levels create more options for prospective buyers.

Despite the median listing price being significantly higher at $759,400, the gap between listing and sold prices may suggest pricing friction, where sellers are adjusting expectations in response to market conditions. The median market rent is recorded at $6,202, which remains a strong indicator of rental demand in the area, although the rent year-over-year trend is down, reflecting potential shifts in rental market dynamics. Elevated interest rates are likely contributing to affordability challenges, further influencing buyer behavior and market activity.

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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

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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.

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Key Findings

1. The median sold price is $679,000, indicating a positive market trend as it has increased year-over-year.

2. With a median days on market of 337, the market is experiencing slower sales velocity, which may suggest declining buyer urgency.

3. The median listing price of $759,400 shows a significant gap compared to the sold price, indicating potential pricing friction in the market.

4. The median market rent is $6,202, reflecting strong rental demand, although the rent year-over-year trend is down.

5. Overall, elevated interest rates are contributing to affordability pressures, impacting buyer activity and market dynamics.

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Notable Properties

The following 5 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.