$4,038 Closing Credit*
$340,000
2,024 SqFt
3 Beds
•3 Full Baths, 1 Partial
Listing Office: Premier Sotheby’s International Realty
Is Mills River, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mills River was a Seller'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
$649,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$88,000(+15.7%)
Key Takeaway
Homes in Mills River have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Mills River was $649,000 in November 2024, up 15.7% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $337.5K | $410K | +21.5% |
| 3 Bedrooms | $550K | $580K | +5.5% |
| 4 Bedrooms | $860K | $848K | -1.4% |
| 5+ Bedrooms | $976K | $1.0M | +8.5% |
Summary: Mills River housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Horse Shoe | $452K | $645.5K | +42.8% |
| Mills River | $561K | $649K | +15.7% |
| Mills River Township | $441K | $500K | +13.4% |
| Etowah | $388.7K | $410.4K | +5.6% |
| Arden | $460K | $472.3K | +2.7% |
Housing Supply in Mills River, NC
How many homes are available in Mills River, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 51 | +24.4% |
Summary: The Mills River real estate market had 51 homes for sale in November 2024, a 24.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 22 | 29 | +31.8% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Mills River 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 increased by 50%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 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 Mills River, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Mills River in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 48 Days | +67.0% |
Summary: Homes in Mills River had an average of 48 days on market in Nov 2024, up by 67% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were 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 November 2024, 7 homes were sold in Mills River; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.