Is Laurel Hill, 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, Laurel Hill has remained a Seller's Market.
Key Takeaway
Laurel Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Laurel Hill, NC
How much do homes in Laurel Hill, NC cost?
Median Sold Price
$109,900
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Laurel Hill have sold for 42.1% less than they did a year ago.
Summary: The median home sold price in Laurel Hill was $109,900 in March 2024, down 42.1% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $44K | -85.3% |
| 3 Bedrooms | $85K | $190K | +123.5% |
| 4 Bedrooms | $360K | $187.5K | -47.9% |
| 5+ Bedrooms | $348K | - | N/A |
Summary: Laurel Hill 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 85.3%, 3 bedroom homes increased by 123.5%, 4 bedroom homes decreased by 47.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Marks Creek Township | $140K | $165K | +17.9% |
| Laurinburg | $164.5K | $165K | 0.3% |
| Laurel Hill Township | $147K | $119.9K | -18.4% |
| Williamson Township | $257.5K | $179.5K | -30.3% |
| Laurel Hill | $189.9K | $109.9K | -42.1% |
Housing Supply in Laurel Hill, NC
How many homes are available in Laurel Hill, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Summary: The Laurel Hill real estate market had 4 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Laurel Hill 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel Hill, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Laurel Hill in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Laurel Hill, NC
How long does it take to sell a home in Laurel Hill, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 134 Days | 6 Days | -95.5% |
Summary: Homes in Laurel Hill had an average of 6 days on market in Mar 2024, down by 95.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laurel Hill are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Laurel Hill; 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.
