Is Lake Toxaway, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$570,000
$349/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lake Toxaway have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in Lake Toxaway was $570,000 in May 2024, up 16.2% from last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254K | $346K | +36.2% |
| 2 Bedrooms | $295K | $295K | 0.0% |
| 3 Bedrooms | $662.5K | $675K | +1.9% |
| 4 Bedrooms | $2.9M | $1.3M | -54.0% |
| 5+ Bedrooms | $2.4M | $4.2M | +72.2% |
Summary: Lake Toxaway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 54%, and 5+ bedroom homes increased by 72.2%.
Median Sold Price Compared To Nearby Cities
| Lake Toxaway | $490.5K | $570K | +16.2% |
| Hogback Township | $515K | $588.6K | +14.3% |
| Gloucester Township | $300.2K | $270K | -10.1% |
| Eastatoe Township | $489.5K | $427K | -12.8% |
Housing Supply in Lake Toxaway, NC
How many homes are available in Lake Toxaway, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 37 | +2.8% |
Summary: The Lake Toxaway real estate market had 37 homes for sale in May 2024, a 2.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Toxaway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Toxaway, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Lake Toxaway in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 50 Days | +14.9% |
Summary: Homes in Lake Toxaway had an average of 50 days on market in May 2024, up by 14.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lake Toxaway has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Lake Toxaway; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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