28720Chimney Rock Village, NC Housing Market
$380,000median sale price
The 28720 zip code, located in Chimney Rock Village, NC, is currently classified as a seller's market. The median sale price stands at $380,000. Homes in this area spend an average of 34 days on the market before going under contract.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 28720 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
1
Last 12 weeks
Days on market
34
Average pace
Active listings
—
Sale-to-list
119.0%
Above asking
Market analysis for 28720
The 28720 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a seller's market, homes are selling at approximately 119.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 28720 have remained relatively stable compared to last year. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
Community profile
Population
144
Median income
$60,417/yr
Median age
58.8 years
Owner-occupied
69.3%
College grads
31.9%
Living in 28720
Zip code 28720 is home to approximately 144 residents. The median household income is $60,417 per year, which shapes the types of homes and amenities available in the area. With a median age of 58.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 69.3% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 31.9% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 28720.
Frequently asked questions about 28720
What is the median home price in 28720?
The current median sale price in 28720 is $380,000, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 28720 a buyer's or seller's market?
The 28720 zip code is currently classified as a seller's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 28720?
Zip code 28720 has a population of approximately 144 residents. The median household income is $60,417 per year. About 69.3% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 28720?
Properties Incorporated provides comprehensive data for 28720 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 28720 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually. Visit our data sources page to learn more about our data methodology and update schedules.
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