Is Lovelady Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lovelady Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Lovelady Township has remained a Seller's Market.

Key Takeaway

Lovelady Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lovelady Township, NC

How much do homes in Lovelady Township, NC cost?

Median Sold Price

$260,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,550(+10.9%)

Key Takeaway

Homes in Lovelady Township have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in Lovelady Township was $260,000 in May 2024, up 10.9% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $108K$149.9K
+38.8%
2 $163K$218K
+33.7%
3 $249.9K$265K
+6.0%
4 $303.6K$350K
+15.3%
5+ $256K$369.9K
+44.5%

Summary: Lovelady Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.8%, 2 bedroom homes increased by 33.7%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 44.5%.

Median Sold Price Compared To Nearby Cities

Lovelady Township
+10.9%
Drexel Township
+10.1%
Icard Township
+7.9%
Valdese
+3.2%

Housing Supply in Lovelady Township, NC

How many homes are available in Lovelady Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3538+8.6%

Summary: The Lovelady Township real estate market had 38 homes for sale in May 2024, a 8.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 1012
+20.0%
3 1815
-16.7%
4 46
+50.0%
5+ 23
+50.0%

Summary: The Lovelady Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lovelady Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Lovelady Township in May 2024, up by 28.6% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Lovelady Township, NC

How long does it take to sell a home in Lovelady Township, NC?

Average Sale Time

May 2023May 2024CHANGE
23 Days30 Days+31.2%

Summary: Homes in Lovelady Township had an average of 30 days on market in May 2024, up by 31.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lovelady Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 9 homes were sold in Lovelady Township; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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