Listing Office: Hazel R. Fisher & Associates
Is Lake Toxaway, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lake Toxaway has remained a Buyer's Market.
Key Takeaway
Lake Toxaway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Toxaway, NC
How much do homes in Lake Toxaway, NC cost?
Median Sold Price
$802,500
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$383,825(+91.7%)
Key Takeaway
Homes in Lake Toxaway have sold for 91.7% more than they did a year ago.
Summary: The median home sold price in Lake Toxaway was $802,500 in November 2024, up 91.7% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $342.5K | +26.9% |
| 2 Bedrooms | $329.9K | $312.7K | -5.2% |
| 3 Bedrooms | $575K | $930K | +61.7% |
| 4 Bedrooms | $1.3M | $2.6M | +95.2% |
| 5+ Bedrooms | $1.7M | $5.2M | +197.9% |
Summary: Lake Toxaway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.9%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 61.7%, 4 bedroom homes increased by 95.2%, and 5+ bedroom homes increased by 197.9%.
Median Sold Price Compared To Nearby Cities
| Lake Toxaway | $418.6K | $802.5K | +91.7% |
| Hogback Township | $425K | $785K | +84.7% |
| Sapphire | $472K | $685.5K | +45.2% |
| Eastatoe Township | $462.5K | $428.5K | -7.4% |
Housing Supply in Lake Toxaway, NC
How many homes are available in Lake Toxaway, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 38 | -7.3% |
Summary: The Lake Toxaway real estate market had 38 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Toxaway housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Toxaway, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lake Toxaway in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Toxaway, NC
How long does it take to sell a home in Lake Toxaway, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 418 Days | +1045.2% |
Summary: Homes in Lake Toxaway had an average of 418 days on market in Nov 2024, up by 1045.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Lake Toxaway are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in Lake Toxaway; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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