$394,000
Land
Listing Office: RE/MAX Results
Is Mills River Township, 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 Township was a Seller's Market.
Key Takeaway
Mills River Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mills River Township, NC
How much do homes in Mills River Township, NC cost?
Median Sold Price
$500,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$59,000(+13.4%)
Key Takeaway
Homes in Mills River Township have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Mills River Township was $500,000 in November 2024, up 13.4% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $320K | $285K | -10.9% |
| 3 Bedrooms | $425.5K | $494.5K | +16.2% |
| 4 Bedrooms | $840K | $755K | -10.1% |
| 5+ Bedrooms | $820K | $1.0M | +29.1% |
Summary: Mills River Township 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 decreased by 10.9%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 29.1%.
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 Township, NC
How many homes are available in Mills River Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 93 | +4.5% |
Summary: The Mills River Township real estate market had 93 homes for sale in November 2024, a 4.5% 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 | 10 | 11 | +10.0% |
| 3 Bedrooms | 51 | 53 | +3.9% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Mills River Township 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 10%, 3 bedroom homes increased by 3.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mills River Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Mills River Township in November 2024, down by 26.3% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Mills River Township, NC
How long does it take to sell a home in Mills River Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 34 Days | +27.2% |
Summary: Homes in Mills River Township had an average of 34 days on market in Nov 2024, up by 27.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mills River Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Mills River Township; 36% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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