Is Mills River, 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 has remained a Seller's Market.
Housing Prices in Mills River, NC
How much do homes in Mills River, NC cost?
Median Sold Price
$599,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mills River was $599,000 in April 2024, up 8.9% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $250K | -2.0% |
2 Bedrooms | $337K | $365K | +8.3% |
3 Bedrooms | $545K | $575K | +5.5% |
4 Bedrooms | $792.5K | $775K | -2.2% |
5+ Bedrooms | $764.5K | $1.1M | +48.1% |
Summary: Mills River housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 2.2%, 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, NC
How many homes are available in Mills River, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 44 | +18.9% |
Summary: The Mills River real estate market had 44 homes for sale in April 2024, a 18.9% 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 | 5 | 6 | +20.0% |
3 Bedrooms | 25 | 26 | +4.0% |
4 Bedrooms | 4 | 9 | +125.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mills River 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 20%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 125%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Mills River in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for Mills River, NC
How long does it take to sell a home in Mills River, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
76 Days | 110 Days | +44.7% |
Summary: Homes in Mills River had an average of 110 days on market in Apr 2024, up by 44.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Mills River; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.