Is Lake Toxaway, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lake Toxaway was a Seller's Market.
Housing Prices in Lake Toxaway, NC
How much do homes in Lake Toxaway, NC cost?
Median Sold Price
$570,000
$349/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lake Toxaway was $570,000 in May 2024, up 16.2% from last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $254K | $346K | +36.2% |
2 Bedrooms | $295K | $295K | 0.0% |
3 Bedrooms | $662.5K | $675K | +1.9% |
4 Bedrooms | $2.9M | $1.3M | -54.0% |
5+ Bedrooms | $2.4M | $4.2M | +72.2% |
Summary: Lake Toxaway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 54%, and 5+ bedroom homes increased by 72.2%.
Median Sold Price Compared To Nearby Cities
Lake Toxaway | $490.5K | $570K | +16.2% |
Hogback Township | $515K | $588.6K | +14.3% |
Gloucester Township | $300.2K | $270K | -10.1% |
Eastatoe Township | $489.5K | $427K | -12.8% |
Housing Supply in Lake Toxaway, NC
How many homes are available in Lake Toxaway, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 37 | +2.8% |
Summary: The Lake Toxaway real estate market had 37 homes for sale in May 2024, a 2.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 21 | 19 | -9.5% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Toxaway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Lake Toxaway in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 50 Days | +14.9% |
Summary: Homes in Lake Toxaway had an average of 50 days on market in May 2024, up by 14.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Lake Toxaway; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.