Is Mill Spring, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mill Spring was a Seller's Market.
Housing Prices in Mill Spring, NC
How much do homes in Mill Spring, NC cost?
Median Sold Price
$520,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mill Spring was $520,000 in March 2024, up 22.4% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $261.6K | $165.1K | -36.9% |
2 Bedrooms | $473K | $595K | +25.8% |
3 Bedrooms | $315K | $520K | +65.1% |
4 Bedrooms | $850K | $503.5K | -40.8% |
5+ Bedrooms | $1.5M | - | N/A |
Summary: Mill Spring housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.9%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 65.1%, 4 bedroom homes decreased by 40.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Cooper Gap Township | $435K | $595K | +36.8% |
Columbus | $320K | $430.4K | +34.5% |
Mill Spring | $425K | $520K | +22.4% |
White Oak Township | $317.5K | $345K | +8.7% |
Chimney Rock Township | $465K | $470K | +1.1% |
Housing Supply in Mill Spring, NC
How many homes are available in Mill Spring, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 30 | +3.4% |
Summary: The Mill Spring real estate market had 30 homes for sale in March 2024, a 3.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mill Spring housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Mill Spring in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Mill Spring, NC
How long does it take to sell a home in Mill Spring, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 78 Days | +21.6% |
Summary: Homes in Mill Spring had an average of 78 days on market in Mar 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Mill Spring; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.