$4,038 Closing Credit*
$340,000
1,561 SqFt
3 Beds
•3 Full Baths, 1 Partial
Listing Office: Listwithfreedom.com Inc
Is Mills River, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Mills River has remained a Buyer's Market.
Key Takeaway
Mills River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mills River, NC
How much do homes in Mills River, NC cost?
Median Sold Price
$580,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+5.5%)
Key Takeaway
Homes in Mills River have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Mills River was $580,000 in October 2024, up 5.5% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $337.5K | $347.5K | +3.0% |
| 3 Bedrooms | $530K | $558.7K | +5.4% |
| 4 Bedrooms | $800K | $851.1K | +6.4% |
| 5+ Bedrooms | $976K | $1.1M | +12.9% |
Summary: Mills River housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Cities
| Horse Shoe | $502.5K | $625K | +24.4% |
| Mills River Township | $439.5K | $490K | +11.5% |
| Etowah | $388.7K | $410.4K | +5.6% |
| Mills River | $550K | $580K | +5.5% |
| Arden | $461.6K | $476.6K | +3.2% |
Housing Supply in Mills River, NC
How many homes are available in Mills River, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 43 | +4.9% |
Summary: The Mills River real estate market had 43 homes for sale in October 2024, a 4.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Mills River housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mills River, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Mills River in October 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Mills River, NC
How long does it take to sell a home in Mills River, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 49 Days | +118.8% |
Summary: Homes in Mills River had an average of 49 days on market in Oct 2024, up by 118.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mills River are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Mills River; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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