Is Mills River, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mills River has remained a Seller's Market.
Housing Prices in Mills River, NC
How much do homes in Mills River, NC cost?
Median Sold Price
$615,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mills River was $615,000 in May 2024, up 14.4% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $250K | -2.0% |
2 Bedrooms | $293.5K | $365K | +24.4% |
3 Bedrooms | $510K | $637K | +24.9% |
4 Bedrooms | $862.5K | $675K | -21.7% |
5+ Bedrooms | $810K | $1.1M | +39.8% |
Summary: Mills River housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 24.9%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 39.8%.
Median Sold Price Compared To Nearby Cities
Horse Shoe | $450.1K | $601.5K | +33.6% |
Mills River | $537.5K | $615K | +14.4% |
Mills River Township | $445K | $473.6K | +6.4% |
Arden | $470.5K | $456.8K | -2.9% |
Etowah | $406K | $387.5K | -4.6% |
Housing Supply in Mills River, NC
How many homes are available in Mills River, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 44 | -2.2% |
Summary: The Mills River real estate market had 44 homes for sale in May 2024, a 2.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 26 | 26 | 0.0% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Mills River housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Mills River in May 2024, the same as the previous month. Of the 8 sold homes, 38% were sold under asking, 63% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 37 Days | +37.5% |
Summary: Homes in Mills River had an average of 37 days on market in May 2024, up by 37.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Mills River; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.