Is Lenoir Township, 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 Township has remained a Seller's Market.
Housing Prices in Lenoir Township, NC
How much do homes in Lenoir Township, NC cost?
Median Sold Price
$240,792
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lenoir Township was $240,792 in May 2024, up 26.7% 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 | $128.8K | $136K | +5.5% |
2 Bedrooms | $164.2K | $178.5K | +8.7% |
3 Bedrooms | $195K | $240.9K | +23.6% |
4 Bedrooms | $228K | $279K | +22.4% |
5+ Bedrooms | $380K | $449K | +18.2% |
Summary: Lenoir Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
Lenoir Township | $190K | $240.7K | +26.7% |
Lenoir | $210K | $243.4K | +15.9% |
North Catawba Township | $230K | $238.7K | +3.8% |
Housing Supply in Lenoir Township, NC
How many homes are available in Lenoir Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
159 | 166 | +4.4% |
Summary: The Lenoir Township real estate market had 166 homes for sale in May 2024, a 4.4% 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 | 90 | 96 | +6.7% |
4 Bedrooms | 29 | 24 | -17.2% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Lenoir Township 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 6.7%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 36 | -10.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Lenoir Township in May 2024, down by 10.0% month-over-month. Of the 36 sold homes, 64% were sold under asking, 14% were sold at asking, and 22% were sold over asking.
Days on Market for Lenoir Township, NC
How long does it take to sell a home in Lenoir Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 33 Days | +62.7% |
Summary: Homes in Lenoir Township had an average of 33 days on market in May 2024, up by 62.7% compared to last year.
Breakdown of Home Sale Times
27 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, 36 homes were sold in Lenoir Township; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.