Is Lucama, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lucama was a Buyer's Market.
Key Takeaway
Lucama is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lucama, NC
How much do homes in Lucama, NC cost?
Median Sold Price
$219,900
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lucama have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Lucama was $219,900 in May 2024, down 1.4% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | - | N/A |
| 2 Bedrooms | $60K | $97.6K | +62.7% |
| 3 Bedrooms | $234.9K | $239.9K | +2.1% |
| 4 Bedrooms | $200K | $254.9K | +27.5% |
| 5+ Bedrooms | - | $200K | N/A |
Summary: Lucama 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 62.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lucama | $223K | $219.9K | -1.4% |
| Cross Roads Township | $211.8K | $200K | -5.6% |
Housing Supply in Lucama, NC
How many homes are available in Lucama, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Lucama real estate market had 12 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lucama 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 decreased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lucama, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Lucama in May 2024, up by 100.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Lucama, NC
How long does it take to sell a home in Lucama, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 2 Days | 70 Days | +3440.0% |
Summary: Homes in Lucama had an average of 70 days on market in May 2024, up by 3440% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lucama are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Lucama; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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