Is Lake Toxaway, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Lake Toxaway was a Seller's Market.
Key Takeaway
Lake Toxaway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Toxaway, NC
How much do homes in Lake Toxaway, NC cost?
Median Sold Price
$545,388
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Lake Toxaway have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Lake Toxaway was $545,388 in June 2024, up 11.2% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262K | $353.5K | +34.9% |
| 2 Bedrooms | $280K | $300K | +7.1% |
| 3 Bedrooms | $1.0M | $675K | -34.9% |
| 4 Bedrooms | $2.1M | $1.8M | -12.1% |
| 5+ Bedrooms | $2.4M | $4.2M | +72.2% |
Summary: Lake Toxaway housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.9%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 34.9%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 72.2%.
Median Sold Price Compared To Nearby Cities
| Sapphire | $517K | $641.8K | +24.1% |
| Hogback Township | $515K | $575K | +11.7% |
| Lake Toxaway | $490.5K | $545.3K | +11.2% |
| Eastatoe Township | $499.5K | $426K | -14.7% |
| Gloucester Township | $300.2K | $249.5K | -16.9% |
Housing Supply in Lake Toxaway, NC
How many homes are available in Lake Toxaway, NC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 37 | 41 | +10.8% |
Summary: The Lake Toxaway real estate market had 41 homes for sale in June 2024, a 10.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lake Toxaway housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Toxaway, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lake Toxaway in June 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Lake Toxaway, NC
How long does it take to sell a home in Lake Toxaway, NC?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 38 Days | 364 Days | +847.5% |
Summary: Homes in Lake Toxaway had an average of 364 days on market in Jun 2024, up by 847.5% 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 Lake Toxaway are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 5 homes were sold in Lake Toxaway; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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