Is Leicester, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Leicester has remained a Seller's Market.
Key Takeaway
Leicester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leicester, NC
How much do homes in Leicester, NC cost?
Median Sold Price
$400,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Leicester has remained the same since last year.
Summary: The median home sold price in Leicester was $400,000 in May 2024, up 0.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $367.5K | $300K | -18.4% |
| 2 Bedrooms | $318K | $353.5K | +11.2% |
| 3 Bedrooms | $400K | $400K | 0.0% |
| 4 Bedrooms | $425.3K | $454K | +6.7% |
| 5+ Bedrooms | $492.1K | $1.5M | +204.8% |
Summary: Leicester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.4%, 2 bedroom homes increased by 11.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 204.8%.
Median Sold Price Compared To Nearby Cities
| French Broad Township | $414.9K | $450K | +8.5% |
| Leicester | $398.3K | $400K | 0.4% |
| Leicester Township | $410K | $400K | -2.4% |
| Alexander | $415K | $400.9K | -3.4% |
Housing Supply in Leicester, NC
How many homes are available in Leicester, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 65 | +4.8% |
Summary: The Leicester real estate market had 65 homes for sale in May 2024, a 4.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 36 | 40 | +11.1% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Leicester 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 28.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leicester, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Leicester in May 2024, up by 45.5% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Leicester, NC
How long does it take to sell a home in Leicester, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 64 Days | 51 Days | -21.3% |
Summary: Homes in Leicester had an average of 51 days on market in May 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leicester are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Leicester; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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