Is La Grange, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Grange is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, La Grange has remained a Seller's Market.

Key Takeaway

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

Housing Prices in La Grange, NC

How much do homes in La Grange, NC cost?

Median Sold Price

$268,900

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,900(+7.6%)

Key Takeaway

Homes in La Grange have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in La Grange was $268,900 in September 2024, up 7.6% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$155K
N/A
2 $120.5K$105K
-12.9%
3 $218.5K$258.4K
+18.3%
4 $327.3K$339.3K
+3.7%
5+ $365K$396.7K
+8.7%

Summary: La Grange housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 8.7%.

Median Sold Price Compared To Nearby Cities

Moseley Hall Township
+10.0%
La Grange
+7.6%

Housing Supply in La Grange, NC

How many homes are available in La Grange, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4237-11.9%

Summary: The La Grange real estate market had 37 homes for sale in September 2024, a 11.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 12
+100.0%
3 2523
-8.0%
4 1512
-20.0%
5+ 00
0.0%

Summary: The La Grange housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Grange, expect to pay close to the asking price. 63.6% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in La Grange in September 2024, down by 8.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 64% were sold at asking, and 9% were sold over asking.

Days on Market for La Grange, NC

How long does it take to sell a home in La Grange, NC?

Average Sale Time

Sep 2023Sep 2024CHANGE
74 Days19 Days-73.9%

Summary: Homes in La Grange had an average of 19 days on market in Sep 2024, down by 73.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 11 homes were sold in La Grange; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in La Grange, NC

Nearby Markets to La Grange, NC

What housing markets are near La Grange, NC?