Is Lovelady 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, Lovelady Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108K | $149.9K | +38.8% |
2 Bedrooms | $163K | $218K | +33.7% |
3 Bedrooms | $249.9K | $265K | +6.0% |
4 Bedrooms | $303.6K | $350K | +15.3% |
5+ Bedrooms | $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 | $234.4K | $260K | +10.9% |
Drexel Township | $222.5K | $245K | +10.1% |
Icard Township | $190K | $205K | +7.9% |
Valdese | $234K | $241.4K | +3.2% |
Housing Supply in Lovelady Township, NC
How many homes are available in Lovelady Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 38 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 18 | 15 | -16.7% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 2 | 3 | +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 2024 | May 2024 | CHANGE |
---|---|---|
7 | 9 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 30 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
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.