Is Lake Park, 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 Park has remained a Seller's Market.
Housing Prices in Lake Park, NC
How much do homes in Lake Park, NC cost?
Median Sold Price
$367,125
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lake Park was $367,125 in March 2024, down 5.9% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $277K | $285K | +2.9% |
3 Bedrooms | $390K | $360K | -7.7% |
4 Bedrooms | $417.5K | $420K | +0.6% |
5+ Bedrooms | $430K | $535K | +24.4% |
Summary: Lake Park 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 increased by 2.9%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Cities
Hemby Bridge | $330K | $345.9K | +4.8% |
Indian Trail | $414K | $427.1K | +3.2% |
Vance Township | $421K | $430K | +2.2% |
Lake Park | $390K | $367.1K | -5.9% |
Housing Supply in Lake Park, NC
How many homes are available in Lake Park, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Summary: The Lake Park real estate market had 17 homes for sale in March 2024, a 30.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Lake Park 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lake Park in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Lake Park, NC
How long does it take to sell a home in Lake Park, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
102 Days | 2 Days | -98.0% |
Summary: Homes in Lake Park had an average of 2 days on market in Mar 2024, down by 98% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Lake Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.