$5,344 Closing Credit*
$450,000
2,138 SqFt
3 Beds
•2 Full Baths
Listing Office: DM Properties & Associates
Is Landis, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Landis has remained a Seller's Market.
Key Takeaway
Landis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Landis, NC
How much do homes in Landis, NC cost?
Median Sold Price
$300,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$22,500(+8.1%)
Key Takeaway
Homes in Landis have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Landis was $300,000 in September 2024, up 8.1% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.9K | - | N/A |
| 2 Bedrooms | $185K | $227K | +22.7% |
| 3 Bedrooms | $277.5K | $308.7K | +11.3% |
| 4 Bedrooms | $489.9K | $355K | -27.5% |
| 5+ Bedrooms | $560K | $342.5K | -38.8% |
Summary: Landis 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 increased by 22.7%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 27.5%, and 5+ bedroom homes decreased by 38.8%.
Median Sold Price Compared To Nearby Cities
| Atwell Township | $300K | $356K | +18.7% |
| China Grove | $275K | $300K | +9.1% |
| Landis | $277.5K | $300K | +8.1% |
| Kannapolis | $294.9K | $305.6K | +3.7% |
| China Grove Township | $279.9K | $282.6K | +1.0% |
Housing Supply in Landis, NC
How many homes are available in Landis, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Summary: The Landis real estate market had 34 homes for sale in September 2024, a 8.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 25 | 25 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Landis housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Landis, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Landis in September 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Landis, NC
How long does it take to sell a home in Landis, NC?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 103 Days | 11 Days | -89.0% |
Summary: Homes in Landis had an average of 11 days on market in Sep 2024, down by 89% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Landis are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 6 homes were sold in Landis; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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