Is Leland, 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, Leland has remained a Seller's Market.
Key Takeaway
Leland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leland, NC
How much do homes in Leland, NC cost?
Median Sold Price
$404,690
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Leland have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Leland was $404,690 in May 2024, up 8.7% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $302.5K | $275K | -9.1% |
| 3 Bedrooms | $347.6K | $369.9K | +6.4% |
| 4 Bedrooms | $411K | $456.9K | +11.2% |
| 5+ Bedrooms | $475K | $464.5K | -2.2% |
Summary: Leland 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 decreased by 9.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Leland | $372.4K | $404.6K | +8.7% |
| Town Creek Township | $360K | $385.7K | +7.1% |
| Northwest Township | $350K | $356.4K | +1.8% |
Housing Supply in Leland, NC
How many homes are available in Leland, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 423 | 427 | +0.9% |
Summary: The Leland real estate market had 427 homes for sale in May 2024, a 0.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 237 | 230 | -3.0% |
| 4 Bedrooms | 160 | 166 | +3.8% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Leland 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 increased by 7.7%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 96 | +12.9% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leland, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.
Summary: A total of 96 homes were sold or pending in Leland in May 2024, up by 12.9% month-over-month. Of the 96 sold homes, 45% were sold under asking, 43% were sold at asking, and 13% were sold over asking.
Days on Market for Leland, NC
How long does it take to sell a home in Leland, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 69 Days | +33.3% |
Summary: Homes in Leland had an average of 69 days on market in May 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 96 homes were sold in Leland; 53% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
