Is Lake Toxaway, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lake Toxaway was a Seller's Market.
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 April 2023
Summary: The median home sold price in Lake Toxaway was $545,388 in April 2024, up 12.5% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $254K | $346K | +36.2% |
2 Bedrooms | $287.5K | $300K | +4.3% |
3 Bedrooms | $775K | $675K | -12.9% |
4 Bedrooms | $2.1M | $1.3M | -36.0% |
5+ Bedrooms | $2.4M | $4.2M | +72.2% |
Summary: Lake Toxaway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.2%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 36%, and 5+ bedroom homes increased by 72.2%.
Median Sold Price Compared To Nearby Cities
Lake Toxaway | $485K | $545.3K | +12.5% |
Hogback Township | $550K | $565K | +2.7% |
Eastatoe Township | $473.7K | $425K | -10.3% |
Gloucester Township | $295.5K | $249.5K | -15.6% |
Housing Supply in Lake Toxaway, NC
How many homes are available in Lake Toxaway, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 35 | +12.9% |
Summary: The Lake Toxaway real estate market had 35 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Toxaway 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 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lake Toxaway in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 31 Days | -34.0% |
Summary: Homes in Lake Toxaway had an average of 31 days on market in Apr 2024, down by 34% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Lake Toxaway; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.