Is La Grange, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$250,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in La Grange have sold for 11.9% less than they did a year ago.
Summary: The median home sold price in La Grange was $250,000 in March 2024, down 11.9% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $127.5K | $125K | -2.0% |
| 3 Bedrooms | $233.7K | $227K | -2.9% |
| 4 Bedrooms | $327.6K | $333.6K | +1.8% |
| 5+ Bedrooms | $379.7K | $365K | -3.9% |
Summary: La Grange housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Cities
| La Grange | $283.9K | $250K | -11.9% |
| Moseley Hall Township | $275K | $220K | -20.0% |
Housing Supply in La Grange, NC
How many homes are available in La Grange, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 52 | +15.6% |
Summary: The La Grange real estate market had 52 homes for sale in March 2024, a 15.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The La Grange housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 12 | +200.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Grange, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in La Grange in March 2024, up by 200.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 105 Days | +118.1% |
Summary: Homes in La Grange had an average of 105 days on market in Mar 2024, up by 118.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in La Grange are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 12 homes were sold in La Grange; 33% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 58% of homes were sold over 90 days.
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