Is Linwood, 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, Linwood has remained a Seller's Market.
Housing Prices in Linwood, NC
How much do homes in Linwood, NC cost?
Median Sold Price
$265,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Linwood was $265,000 in May 2024, up 19.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $141.5K | N/A |
2 Bedrooms | $132K | $150.3K | +13.9% |
3 Bedrooms | $255K | $265K | +3.9% |
4 Bedrooms | $1.3M | $272.9K | -79.0% |
5+ Bedrooms | - | - | N/A |
Summary: Linwood 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 13.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 79%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Linwood | $221.8K | $265K | +19.5% |
Franklin Township | $259K | $302K | +16.6% |
Spencer | $210K | $239K | +13.8% |
Tyro Township | $279.9K | $286.4K | +2.3% |
Boone Township | $285K | $290K | +1.8% |
Housing Supply in Linwood, NC
How many homes are available in Linwood, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Summary: The Linwood real estate market had 14 homes for sale in May 2024, a 27.3% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Linwood 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 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Linwood in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Linwood, NC
How long does it take to sell a home in Linwood, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 5 Days | -75.0% |
Summary: Homes in Linwood had an average of 5 days on market in May 2024, down by 75% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Linwood; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.