Is Lake Lure, 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, Lake Lure has remained a Seller's Market.
Key Takeaway
Lake Lure is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Lure, NC
How much do homes in Lake Lure, NC cost?
Median Sold Price
$458,750
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lake Lure have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Lake Lure was $458,750 in March 2024, down 3.4% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137K | $150K | +9.5% |
| 2 Bedrooms | $395K | $380K | -3.8% |
| 3 Bedrooms | $561.2K | $550K | -2.0% |
| 4 Bedrooms | $985K | $965K | -2.0% |
| 5+ Bedrooms | $1.3M | $2.0M | +58.4% |
Summary: Lake Lure housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 58.4%.
Median Sold Price Compared To Nearby Cities
| Mill Spring | $425K | $520K | +22.4% |
| Chimney Rock Township | $465K | $470K | +1.1% |
| Lake Lure | $475K | $458.7K | -3.4% |
Housing Supply in Lake Lure, NC
How many homes are available in Lake Lure, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 80 | +9.6% |
Summary: The Lake Lure real estate market had 80 homes for sale in March 2024, a 9.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 19 | 23 | +21.1% |
| 3 Bedrooms | 37 | 40 | +8.1% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Lake Lure housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Lure, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Lake Lure in March 2024, up by 75.0% month-over-month. Of the 14 sold homes, 71% were sold under asking, 21% were sold at asking, and 7% were sold over asking.
Days on Market for Lake Lure, NC
How long does it take to sell a home in Lake Lure, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 76 Days | +142.5% |
Summary: Homes in Lake Lure had an average of 76 days on market in Mar 2024, up by 142.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Lure are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Lake Lure; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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