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 April 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
$469,333
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mills River Township have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Mills River Township was $469,333 in April 2024, up 6.1% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $250K | +42.9% |
| 2 Bedrooms | $320K | $305K | -4.7% |
| 3 Bedrooms | $421.9K | $470K | +11.4% |
| 4 Bedrooms | $674.7K | $703.2K | +4.2% |
| 5+ Bedrooms | $764.5K | $1.1M | +48.1% |
Summary: Mills River Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.9%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 48.1%.
Median Sold Price Compared To Nearby Cities
| Mills River | $550K | $599K | +8.9% |
| Mills River Township | $442.5K | $469.3K | +6.1% |
| Etowah | $394.9K | $390K | -1.3% |
| Arden | $475K | $449.6K | -5.3% |
Housing Supply in Mills River Township, NC
How many homes are available in Mills River Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 87 | +19.2% |
Summary: The Mills River Township real estate market had 87 homes for sale in April 2024, a 19.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 50 | 53 | +6.0% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mills River Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mills River Township, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Mills River Township in April 2024, the same as the previous month. Of the 15 sold homes, 73% were sold under asking, 7% were sold at asking, and 20% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 88 Days | +57.4% |
Summary: Homes in Mills River Township had an average of 88 days on market in Apr 2024, up by 57.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mills River Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 15 homes were sold in Mills River Township; 27% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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