Is Landis, 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, 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
$293,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Landis have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Landis was $293,500 in March 2024, up 6.7% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $149.9K | N/A |
| 2 Bedrooms | $184.9K | $215K | +16.3% |
| 3 Bedrooms | $292.5K | $293K | 0.2% |
| 4 Bedrooms | $335K | $489.9K | +46.2% |
| 5+ Bedrooms | - | $475K | N/A |
Summary: Landis 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 16.3%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Atwell Township | $298.5K | $349.6K | +17.1% |
| Landis | $275.1K | $293.5K | +6.7% |
| China Grove | $271K | $285K | +5.2% |
| Kannapolis | $288.9K | $297K | +2.8% |
| China Grove Township | $277.1K | $279.9K | +1.0% |
Housing Supply in Landis, NC
How many homes are available in Landis, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The Landis real estate market had 24 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Landis 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Landis, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Landis in March 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 24 Days | -40.7% |
Summary: Homes in Landis had an average of 24 days on market in Mar 2024, down by 40.7% compared to last year.
Breakdown of Home Sale Times
4 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 March 2024, 5 homes were sold in Landis; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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