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VILAS, NC 28692

Real Estate Market Report  ·  Watauga County
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The VILAS, NC real estate market (28692) currently shows 40 active listings, with 12 pending sales. Homes are averaging 131 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 131 days on market compared to 78 days last year.

The median listing price has fallen 13% year-over-year, from $666,950 to $580,500.

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Market Context

Market Context

Population: 4,355  ·  Density: 42.0/mi²  ·  Median household income: $44,824

Typical home value: $253,601  ·  Homeownership: 75.1%

Market Overview

Active Listings
40
⇧ 37.9% vs 29 last year
Pending
12
30% pending ratio
Median Price
$580,500
⇩ 13% vs $666,950 last year
Average Price
$801,251
⇧ 4.1% vs $769,933 last year
Days on Market
131
⇧ 67.9% vs 78 days last year

Price Per Square Foot

Median $/sqft
$310
⇩ 6.1% vs $330/sqft last year
Median Home Size
1,781 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 40 this year vs 29 last year
  • Days on market: 131 now vs 78 last year

Median & Average Pricing

Year over Year
  • Median: $580,500 (-13% YoY)
  • Average: $801,251 (+4.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.7 miles — 563 listings ($411,656,269 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
28692Vilas, NC 286920.0 mi25$16,457,450$599,000$658,298
28698Zionville, NC 286985.4 mi9$8,417,583$511,200$935,287
28604Banner Elk, NC 286047.8 mi312$255,399,456$526,000$818,588
28622Elk Park, NC 2862210.5 mi14$11,327,540$586,725$809,110
37640Butler, TN 3764010.8 mi30$23,875,230$625,000$795,841
37683Mountain City, TN 3768312.1 mi54$29,176,308$390,454$540,302
28615Creston, NC 2861514.9 mi11$4,112,944$395,500$373,904
28618Deep Gap, NC 2861816.4 mi11$5,013,921$489,000$455,811
28693Warrensville, NC 2869318.5 mi7$3,430,581$469,250$490,083
37688Shady Valley, TN 3768819.0 mi7$5,166,469$287,750$738,067
28657Newland, NC 2865719.3 mi71$46,222,846$496,500$651,026
37658Hampton, TN 3765820.1 mi9$2,329,191$259,675$258,799
37680Laurel Bloomery, TN 3768020.7 mi3$726,750$242,250$242,250

Frequently Asked Questions

How many homes are for sale in VILAS, NC 28692?

As of September 2026, there are 40 active listings in VILAS, NC (zip code 28692), compared to 29 the prior year.

What is the median home price in VILAS, NC 28692?

The median listing price in VILAS, NC 28692 is $580,500 as of September 2026, a 13% decrease from $666,950 the prior year.

How long do homes stay on the market in VILAS, NC?

Homes in VILAS, NC 28692 spend an average of 131 days on the market before going under contract, compared to 78 days the prior year.

Is it a seller's or buyer's market in VILAS, NC 28692?

Based on current inventory and days-on-market data as of September 2026, VILAS, NC 28692 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 131 days on market compared to 78 days last year.

How much can I save on real estate commission in VILAS, NC?

With SELL123.com's maximum 3% commission, sellers in VILAS, NC 28692 save an estimated $11,610 compared to a typical 5% commission on the median listing price of $580,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.