Is Lake Toxaway, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Toxaway is a buyer's market

Buyer's
Market

Difference Since January 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

$405,000

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$134,500(-24.9%)

Key Takeaway

Homes in Lake Toxaway have sold for 24.9% less than they did a year ago.

Summary: The median home sold price in Lake Toxaway was $405,000 in January 2024, down 24.9% from last year, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $236.2K$335K
+41.8%
2 $295K$305K
+3.4%
3 $950K$537.5K
-43.4%
4 $1.7M$1.3M
-22.3%
5+ $3.7M$3.2M
-13.3%

Summary: Lake Toxaway housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.8%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 43.4%, 4 bedroom homes decreased by 22.3%, and 5+ bedroom homes decreased by 13.3%.

Median Sold Price Compared To Nearby Cities

Gloucester Township
+6.9%
Eastatoe Township
-8.4%
Lake Toxaway
-24.9%
Hogback Township
-45.9%

Housing Supply in Lake Toxaway, NC

How many homes are available in Lake Toxaway, NC?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
2826-7.1%

Summary: The Lake Toxaway real estate market had 26 homes for sale in January 2024, a 7.1% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 21
-50.0%
2 74
-42.9%
3 1012
+20.0%
4 88
0.0%
5+ 11
0.0%

Summary: The Lake Toxaway housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Toxaway, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Lake Toxaway in January 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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

Jan 2023Jan 2024CHANGE
2 Days22 Days+725.0%

Summary: Homes in Lake Toxaway had an average of 22 days on market in Jan 2024, up by 725% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Toxaway are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 3 homes were sold in Lake Toxaway; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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