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PENROSE, NC 28766

Real Estate Market Report  ·  Transylvania County
Seller's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 28766

Blue Ridge Overlook · Emerald Hills Estates · Falls Creek · Fernwood · Glen Cannon · Hamilton Estates · Hidden Valley · Oak Woods · Patton Mountain Estates · Pisgah Forest Farms · Stoney Brook · Sweetwater Farms · Thomas Woods · Valley View Vistas

Market Analysis

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

The PENROSE, NC real estate market (28766) currently shows 8 active listings, with 2 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 62 days on market compared to 89 days last year.

The median listing price has risen 16.5% year-over-year, from $444,675 to $518,000.

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Market Context

Market Context

Population: 896  ·  Density: 57.7/mi²  ·  Median household income: $74,375

Typical home value: $283,793  ·  Homeownership: 82.0%

Market Overview

Active Listings
8
⇩ 11.1% vs 9 last year
Pending
2
25% pending ratio
Median Price
$518,000
⇧ 16.5% vs $444,675 last year
Average Price
$565,033
⇧ 22.2% vs $462,447 last year
Days on Market
62
⇩ 30.3% vs 89 days last year

Price Per Square Foot

Median $/sqft
$268
⇧ 1.9% vs $263/sqft last year
Median Home Size
1,619 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 9 last year
  • Days on market: 62 now vs 89 last year

Median & Average Pricing

Year over Year
  • Median: $518,000 (+16.5% YoY)
  • Average: $565,033 (+22.2% 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 19.9 miles — 809 listings ($668,420,391 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
28766Penrose, NC 287660.0 mi5$1,905,940$372,000$381,188
28729Etowah, NC 287294.9 mi22$10,894,466$436,500$495,203
28768Pisgah Forest, NC 287686.3 mi37$34,206,389$586,000$924,497
28759Mills River, NC 287599.5 mi46$52,216,164$689,750$1,135,134
28712Brevard, NC 287129.9 mi161$120,384,208$587,250$747,728
28726East Flat Rock, NC 2872611.6 mi6$2,326,680$360,000$387,780
29661Marietta, SC 2966113.4 mi21$27,086,241$985,425$1,289,821
28731Flat Rock, NC 2873113.9 mi71$52,340,348$588,675$737,188
28704Arden, NC 2870415.0 mi137$169,297,202$645,125$1,235,746
29690Travelers Rest, SC 2969017.2 mi171$122,506,965$593,564$716,415
28773Saluda, NC 2877317.4 mi38$23,927,536$624,750$629,672
28716Canton, NC 2871618.7 mi93$50,328,252$417,000$541,164
29688Tigerville, SC 2968819.9 mi1$1,000,000$1,000,000$1,000,000

Frequently Asked Questions

How many homes are for sale in PENROSE, NC 28766?

As of September 2026, there are 8 active listings in PENROSE, NC (zip code 28766), compared to 9 the prior year.

What is the median home price in PENROSE, NC 28766?

The median listing price in PENROSE, NC 28766 is $518,000 as of September 2026, a 16.5% increase from $444,675 the prior year.

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

Homes in PENROSE, NC 28766 spend an average of 62 days on the market before going under contract, compared to 89 days the prior year.

Is it a seller's or buyer's market in PENROSE, NC 28766?

Based on current inventory and days-on-market data as of September 2026, PENROSE, NC 28766 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 62 days on market compared to 89 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PENROSE, NC 28766 save an estimated $10,360 compared to a typical 5% commission on the median listing price of $518,000. 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.