Market Intelligence · NC / Waynesville

Waynesville, NC 28785 Housing Market

The typical home in Waynesville, NC 28785 is worth $386,715 as of September 2026, down 2.2% over the past year. The median list price is $470,000, and homes spend a median of 94 days on market.

Updated September 2026Median value$387K

The median home value in Waynesville, NC 28785 is $387K as of September 2026, down 2.2% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 28785 range

$356K to $418K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-2.2% over 12 months

Typical home value in 28785 over the last 12 months: $396K in Sep 2025 to $387K in Sep 2026 (-2.2%).

Sep 2025$396K

Sep 2026$387K

The numbers

What is the 28785 housing market like?

Typical home value

$387K

Down2.2%YoY

Median list price

$470K

Down5.8%MoM

Days on market

94

Up20.5%MoM

Homes for sale

87

Down1.1%MoM

Price cuts

23.2%

Down26.3%MoM

New listings

18

Up12.5%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

28785 housing market forecast 2027

-1.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 28785 to fall 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in 28785 fell 2.2%, per the Zillow Home Value Index.

Will home prices drop in 28785?

Zillow's forecast says they may: it expects typical home values in 28785 to fall 1.0% by September 2027, after a 2.2% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 28785 home prices compare?

  • 28785$386,715
  • Waynesville$363,179
  • North Carolina$284,347
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Waynesville: 2 ZIPs; North Carolina: 718 ZIPs; United States: 26,262 ZIPs).

Context

Sellers in 28785 are working in a cooler market. There are 87 homes for sale as of September 2026, with 18 new listings added during that period. The typical home value is $386,715, down 2.2% over the past year, while the median list price of $470,000 suggests many sellers are still aiming above where values have settled. With a median of 94 days on market, buyers have room to take their time and negotiate. For a seller, pricing realistically from the start matters more than it did when values were climbing.

Monthly payment

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20% · $77,343

Common questions

What people ask us.

How much is a home in 28785 worth?

The typical home value in 28785 is $386,715 as of September 2026, down 2.2% over the past year. The median list price is $470,000.

How long does it take to sell a home in 28785?

Homes in 28785 spend a median of 94 days on market as of September 2026, so sellers should plan for a slower timeline than a hot market would bring.

Are sellers in 28785 cutting prices?

Yes. About 23.2% of listings had a price cut as of September 2026, which fits a market where typical values have drifted down over the past year.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.