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PENROSE, NC 28766

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

The PENROSE, NC real estate market (28766) currently shows 5 active listings, with 1 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 63 days on market compared to 121 days last year.

The median listing price has fallen 10.3% year-over-year, from $414,500 to $372,000.

Whether you are buying or selling in PENROSE, NC, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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
5
⇩ 28.6% vs 7 last year
Pending
1
20% pending ratio
Median Price
$372,000
⇩ 10.3% vs $414,500 last year
Average Price
$381,188
⇩ 4.5% vs $399,157 last year
Days on Market
63
⇩ 47.9% vs 121 days last year

Price Per Square Foot

Median $/sqft
$254
⇧ 8.5% vs $234/sqft last year
Median Home Size
1,530 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 7 last year
  • Days on market: 63 now vs 121 last year

Median & Average Pricing

Year over Year
  • Median: $372,000 (-10.3% YoY)
  • Average: $381,188 (-4.5% 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 — 810 listings ($690,201,839 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
28766Penrose, NC 287660.0 mi4$1,574,000$399,000$393,500
28729Etowah, NC 287294.9 mi20$10,039,000$457,000$501,950
28768Pisgah Forest, NC 287686.3 mi38$35,013,314$590,000$921,403
28759Mills River, NC 287599.5 mi51$55,724,385$724,450$1,092,635
28712Brevard, NC 287129.9 mi165$143,081,565$597,000$867,161
28726East Flat Rock, NC 2872611.6 mi6$2,170,800$360,000$361,800
29661Marietta, SC 2966113.4 mi18$28,478,916$1,299,000$1,582,162
28731Flat Rock, NC 2873113.9 mi77$57,640,198$587,450$748,574
28704Arden, NC 2870415.0 mi133$160,766,809$630,000$1,208,773
29690Travelers Rest, SC 2969017.2 mi164$119,846,116$572,450$730,769
28773Saluda, NC 2877317.4 mi42$25,987,542$625,000$618,751
28716Canton, NC 2871618.7 mi91$48,879,194$392,500$537,134
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 February 2026, there are 5 active listings in PENROSE, NC (zip code 28766), compared to 7 the prior year.

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

The median listing price in PENROSE, NC 28766 is $372,000 as of February 2026, a 10.3% decrease from $414,500 the prior year.

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

Homes in PENROSE, NC 28766 spend an average of 63 days on the market before going under contract, compared to 121 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 February 2026, PENROSE, NC 28766 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 63 days on market compared to 121 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 $7,440 compared to a typical 5% commission on the median listing price of $372,000. 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.