Is Lenoir Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$240,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lenoir Township was $240,000 in April 2024, up 26.3% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126.9K | $139.9K | +10.2% |
2 Bedrooms | $163.5K | $185K | +13.1% |
3 Bedrooms | $194.5K | $240.3K | +23.6% |
4 Bedrooms | $228.9K | $278.9K | +21.9% |
5+ Bedrooms | $356.5K | $485K | +36.0% |
Summary: Lenoir Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 36%.
Median Sold Price Compared To Nearby Cities
Lenoir Township | $190K | $240K | +26.3% |
Lenoir | $210K | $241.1K | +14.8% |
North Catawba Township | $227.4K | $215K | -5.5% |
Gamewell | $213K | $188K | -11.7% |
Housing Supply in Lenoir Township, NC
How many homes are available in Lenoir Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
173 | 159 | -8.1% |
Summary: The Lenoir Township real estate market had 159 homes for sale in April 2024, a 8.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 29 | 28 | -3.4% |
3 Bedrooms | 96 | 88 | -8.3% |
4 Bedrooms | 35 | 28 | -20.0% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Lenoir Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 37 | -26.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Lenoir Township in April 2024, down by 26.0% month-over-month. Of the 37 sold homes, 43% were sold under asking, 27% were sold at asking, and 30% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 40 Days | +27.1% |
Summary: Homes in Lenoir Township had an average of 40 days on market in Apr 2024, up by 27.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in Lenoir Township; 68% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.