$6,519 Closing Credit*
$549,000
2,041 SqFt
2 Beds
•2 Full Baths, 1 Partial
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 December 2023
Since last year, Mills River Township has remained a Seller's Market.
Key Takeaway
Mills River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mills River Township, NC
How much do homes in Mills River Township, NC cost?
Median Sold Price
$520,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$70,000(+15.6%)
Key Takeaway
Homes in Mills River Township have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Mills River Township was $520,000 in December 2024, up 15.6% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $320K | $285K | -10.9% |
| 3 Bedrooms | $441K | $490K | +11.1% |
| 4 Bedrooms | $840K | $757.4K | -9.8% |
| 5+ Bedrooms | $820K | $1.0M | +29.1% |
Summary: Mills River Township housing prices by bedroom type for December 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 11.1%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 29.1%.
Median Sold Price Compared To Nearby Cities
| Horse Shoe | $502.5K | $664.2K | +32.2% |
| Mills River | $592K | $688.9K | +16.4% |
| Mills River Township | $450K | $520K | +15.6% |
| Etowah | $385K | $416.5K | +8.2% |
| Arden | $465.1K | $467K | 0.4% |
Housing Supply in Mills River Township, NC
How many homes are available in Mills River Township, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 91 | 94 | +3.3% |
Summary: The Mills River Township real estate market had 94 homes for sale in December 2024, a 3.3% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 51 | 55 | +7.8% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Mills River Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mills River Township, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Mills River Township in December 2024, up by 28.6% month-over-month. Of the 18 sold homes, 56% were sold under asking, 39% were sold at asking, and 6% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 24 Days | 33 Days | +36.7% |
Summary: Homes in Mills River Township had an average of 33 days on market in Dec 2024, up by 36.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were 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 December 2024, 18 homes were sold in Mills River Township; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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