Palmer Fire School · Photo: North Carolina Department of Cultural Resources · Public domain99 homes sold in Lake Lure in the last year, at a typical $512K
About one sale in 7 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lake Lure homes are listed.
Every place Lake Lure homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lake Lure.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
15% of Lake Lure’s sales are condos, at $302K less than a house
84 houses and 15 condos sold in the year to May 2026. Houses sell faster.
typical sale · 84 sold in 12 months
- Per square foot
- $275NC $207
- Days to sell
- 143
- Sold over asking
- 10%
- Listings with a price cut
- 17%
typical sale · 15 sold in 12 months
- Per square foot
- $262NC $275
- Days to sell
- 176
- Sold over asking
- 7%
- Listings with a price cut
- 15%
Fewer homes sell than before 2021, at 2.5 times the 2016 price
99 sales in the last year, against 267 in 2020 and a low of 84 in 2025. The typical sale went from $207K in 2016 to $512K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $500K buys in Lake Lure
Check a listing against what Lake Lure homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lake Lure are back to pre-pandemic levels, but a third fewer homes come up for sale
We read every month of Lake Lure’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 99 sales.
If you’re buying in Lake Lure
- Shop in July. It brings about 20 new listings a month, close to the busiest month, with fewer bidding wars (13% over asking).
- You can negotiate. 16% of listings have cut their price, against 13% before the pandemic.
- Offer under asking. Buyers paid 94.5% of the list price on average; 9% paid over.
- You’ll usually have time. Only 20% of homes go under contract within two weeks; the typical one takes 144 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 25 a month), but June is the most competitive: 17% of June sales close over asking. June and July offer nearly as much choice with fewer homes bid up (17%). November has the least competition (10%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than North Carolina
| Lake Lure now | 2017–19 | 2021 peak | NC now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 9% | 5% | 33% | 17% |
| Gone within two weeksShare of homes under contract within 14 days | 20% | 13% | 51% | 30% |
| Listings with a price cutShare of homes for sale that cut their price | 16% | 13% | 9% | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 94.5% | 94.1% | 98.6% | 97.8% |
| Days to sellMedian days from listing to contract | 144 | 161 | 63 | 62 |
85 homes for sale on a typical day
That’s 1.9 times the 2022 low (45), 34% fewer than in 2017–19 and well under 2019’s 145.
1 in 6 listings has cut its price
16% in the last year, against 13% in 2017–19 and 27% across North Carolina.
Since 2019, houses are up 91%, condos 103%
A house typically sold for $583K in the last year (84 sales), a condo for $281K (15).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Lake Lure ranks 191st of 224 busy North Carolina markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Lake Lure is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lake Lure home costs about $2,938 a month
Price: Lake Lure’s typical sale, last 12 months. Property tax at Lake Lure’s 0.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lake Lure is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 9.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $512K home, about $3,200 a year.
Taxes vs. neighborsSchools
The schools grade for Lake Lure, from test results, graduation and how much students grow.
Schools in Lake LureTypical commute
The average one-way trip to work for people who live in Lake Lure.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Old Fort and Rutherfordton sell for less a square foot
The busier markets within 25 miles of Lake Lure, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Black Mountain | 161 | $513K | $326 | 11% | 76 |
| Lake Lure | 99 | $512K | $271 | 9% | 144 |
| Rutherfordton | 71 | $342K | $179 | 11% | 112 |
| Dana | 26 | $376K | $269 | 27% | 86 |
| Edneyville | 25 | $540K | $268 | 4% | 100 |
| Old Fort | 21 | $221K | $198 | 14% | 98 |
| Fruitland | 21 | $585K | $314 | 14% | 140 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lake Lure, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lake Lure. People who follow the town see it, and so do people comparing Lake Lure with their own town. No commission, no listing fee.
Questions about buying a home in Lake Lure
What do homes sell for in Lake Lure, NC?
99 homes sold in the year to May 2026 at a typical $512K, $271 a square foot. Houses sold for about $583K, condos for about $281K.
Is Lake Lure a buyer’s or seller’s market?
A buyer’s market: 110 homes were for sale in May 2026 and 11 sold, about 10 months of supply. Buyers paid 94.5% of asking on average, and 16% of listings cut their price.
When is the best time to buy in Lake Lure?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lake Lure?
About 0.6% of a home’s value a year. On a $512K home that’s near $3,200.
Where can I see homes for sale in Lake Lure?
Zillow, Redfin, Realtor.com and Homes.com all carry Lake Lure’s MLS listings; the search links above open each one filtered to Lake Lure.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).