Listing Office: Carolina Mountain Sales
Mills River Housing Market Report February 2025•Henderson County, North Carolina
Housing Prices in Mills River, NC
How much do homes in Mills River, NC cost?
Housing Market Conditions
Is Mills River, NC a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Mills River is a Neutral Market
Difference Since February 2024
At the same time last year, Mills River was a Seller's Market.
Mills River is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Mills River have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in Mills River was $692,400 in February 2025, up 15.5% from last year, and the median price per square foot was $291.
Median Sold Price By Cities
City | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
Horse Shoe | $520K | $651K | +25.2% |
Mills River Township | $451K | $530K | +17.5% |
Mills River | $599.5K | $692.4K | +15.5% |
Arden | $457.8K | $462.3K | +1.0% |
Median Sold Price By Bedrooms
Beds | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $250K | - | N/A |
22 Bedrooms | $307.5K | $412.5K | +34.1% |
33 Bedrooms | $565K | $615K | +8.8% |
44 Bedrooms | $845K | $925.5K | +9.5% |
55+ Bedrooms | $1.1M | $1.1M | +0.9% |
Summary: Mills River housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +34.1%. The home price for 3 bedroom homes increased by +8.8%. The home price for 4 bedroom homes increased by +9.5%. The home price for 5 bedroom homes increased by +0.9%.
Housing supply in Mills River, NC
How many homes are available in Mills River, NC?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
47Last MonthFeb 2025 | ||
482 months agoJan 2025 | -2.1 % Change MoMJan – Feb |
Summary: The Mills River real estate market had 47 homes for sale in Feb 2025, a 2.1 % decrease compared to Jan 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
7Last MonthFeb 2025 | ||
102 months agoJan 2025 | -30.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
Beds | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 3 | 3 | 0.0% |
33 Bedrooms | 32 | 31 | -3.1% |
44 Bedrooms | 9 | 10 | +11.1% |
55+ Bedrooms | 4 | 3 | -25.0% |
Summary: Mills River housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -3.1%. The inventory for 4 bedroom homes increased by +11.1%. The inventory for 5 bedroom homes decreased by -25.0%.
Asking Price vs. Sold Price
How much do homes in Mills River, NC cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price5 Homes
If you're buying a home in Mills River, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Mills River in February 2025, down by 30.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and and 14% were sold over asking.
Days on Market for Mills River, NC
How long does it take to sell a home in Mills River, NC?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days1 Home
Over 90 Days3 Homes
Most homes in Mills River are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During February 2025, 7 homes were sold in Mills River; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
87 DaysThis YearFeb 2025 | ||
78 Days1 year agoFeb 2024 | +11.8 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Mills River had an average listing age of 87 days in Feb 2025, up by 11.8% compared to the previous year.
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Newest Listings in Mills River, NC
What homes are available in Mills River, NC?
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MLS Disclaimers and Copyright
Based on information from Canopy MLS, and Greater Greenville MLS for the period 03/01/2023 - 03/01/2025

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Copyright © 2025 MLS GRID.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 10:51:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
All information provided is deemed reliable but is not guaranteed and should be independently verified. GGAR MLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. GGAR MLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/5/2025, 4:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.