Is Horse Shoe, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Horse Shoe has remained a Seller's Market.
Key Takeaway
Horse Shoe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Horse Shoe, NC
How much do homes in Horse Shoe, NC cost?
Median Sold Price
$601,500
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Horse Shoe have sold for 33.6% more than they did a year ago.
Summary: The median home sold price in Horse Shoe was $601,500 in May 2024, up 33.6% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $450K | $407.2K | -9.5% |
| 3 Bedrooms | $453.6K | $601.5K | +32.6% |
| 4 Bedrooms | $575K | $685.7K | +19.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Horse Shoe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 32.6%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Horse Shoe | $450.1K | $601.5K | +33.6% |
| Boyd Township | $342.5K | $400.1K | +16.8% |
| Mills River | $537.5K | $615K | +14.4% |
| Mills River Township | $445K | $473.6K | +6.4% |
| Etowah | $406K | $387.5K | -4.6% |
Housing Supply in Horse Shoe, NC
How many homes are available in Horse Shoe, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Horse Shoe real estate market had 14 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Horse Shoe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Horse Shoe, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Horse Shoe in May 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Horse Shoe, NC
How long does it take to sell a home in Horse Shoe, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 6 Days | -86.2% |
Summary: Homes in Horse Shoe had an average of 6 days on market in May 2024, down by 86.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Horse Shoe are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Horse Shoe; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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