Is Laurinburg, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Laurinburg is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Laurinburg was a Seller's Market.

Key Takeaway

Laurinburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Laurinburg, NC

How much do homes in Laurinburg, NC cost?

Median Sold Price

$160,000

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$7,000(-4.2%)

Key Takeaway

Homes in Laurinburg have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in Laurinburg was $160,000 in May 2024, down 4.2% from last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $38K-
N/A
2 $75K$91.2K
+21.7%
3 $151.7K$170.2K
+12.2%
4 $244K$250K
+2.5%
5+ $244.7K$209.5K
-14.4%

Summary: Laurinburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 14.4%.

Median Sold Price Compared To Nearby Cities

Stewartsville Township
-2.2%
Laurinburg
-4.2%

Housing Supply in Laurinburg, NC

How many homes are available in Laurinburg, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6267+8.1%

Summary: The Laurinburg real estate market had 67 homes for sale in May 2024, a 8.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 127
-41.7%
3 3544
+25.7%
4 1415
+7.1%
5+ 11
0.0%

Summary: The Laurinburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 41.7%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1710-41.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Laurinburg, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Laurinburg in May 2024, down by 41.2% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Laurinburg, NC

How long does it take to sell a home in Laurinburg, NC?

Average Sale Time

May 2023May 2024CHANGE
33 Days38 Days+16.1%

Summary: Homes in Laurinburg had an average of 38 days on market in May 2024, up by 16.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Laurinburg are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 10 homes were sold in Laurinburg; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Laurinburg, NC

Nearby Markets to Laurinburg, NC

What housing markets are near Laurinburg, NC?