Is Lenoir, 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, Lenoir has remained a Seller's Market.
Housing Prices in Lenoir, NC
How much do homes in Lenoir, NC cost?
Median Sold Price
$243,410
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lenoir was $243,410 in May 2024, up 15.9% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126.9K | $136K | +7.1% |
2 Bedrooms | $165K | $178.5K | +8.2% |
3 Bedrooms | $210K | $245K | +16.7% |
4 Bedrooms | $297.5K | $279K | -6.2% |
5+ Bedrooms | $312K | $449K | +43.9% |
Summary: Lenoir housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 43.9%.
Median Sold Price Compared To Nearby Cities
Lenoir Township | $190K | $240.7K | +26.7% |
Lenoir | $210K | $243.4K | +15.9% |
Lower Creek Township | $239.2K | $274.4K | +14.7% |
Hudson Township | $239K | $245K | +2.5% |
Housing Supply in Lenoir, NC
How many homes are available in Lenoir, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
163 | 170 | +4.3% |
Summary: The Lenoir real estate market had 170 homes for sale in May 2024, a 4.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 25 | 28 | +12.0% |
3 Bedrooms | 93 | 100 | +7.5% |
4 Bedrooms | 30 | 24 | -20.0% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Lenoir housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 37 | -9.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Lenoir in May 2024, down by 9.8% month-over-month. Of the 37 sold homes, 65% were sold under asking, 14% were sold at asking, and 22% were sold over asking.
Days on Market for Lenoir, NC
How long does it take to sell a home in Lenoir, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 32 Days | +58.7% |
Summary: Homes in Lenoir had an average of 32 days on market in May 2024, up by 58.7% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in Lenoir; 76% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.