Is Lake Toxaway, NC 28747 a buyer’s or seller’s market?

The Lake Toxaway housing market right now

In the three months ending August 31, 2026, 5% of homes in Lake Toxaway, NC 28747 sold above their list price, the typical home went under contract in 77 days and there were 10.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 22 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 9%, homes sold faster (118 days then) and the median sale price fell 19% to $1,124,513. Overall, Lake Toxaway is more competitive than a year ago, so tougher for buyers.

Within Transylvania County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 67%. On our competition score, Lake Toxaway ranks #415 of 424 NC ZIP codes with enough sales (score 5 out of 100).

Nearby, buyers who want less competition could look at Sapphire 28774 (0% sold over asking) or Penrose 28766 (0% sold over asking), while Rosman 28772 (25% sold over asking) is even more competitive.