Is Laurel Park, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Laurel Park was a Buyer's Market.
Housing Prices in Laurel Park, NC
How much do homes in Laurel Park, NC cost?
Median Sold Price
$484,990
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Laurel Park was $484,990 in March 2024, up 7.8% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $521.6K | N/A |
2 Bedrooms | $355K | $455K | +28.2% |
3 Bedrooms | $479K | $478.6K | -0.1% |
4 Bedrooms | $803.1K | $519.3K | -35.3% |
5+ Bedrooms | - | $520.3K | N/A |
Summary: Laurel 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 28.2%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Hendersonville | $360K | $434.5K | +20.7% |
Laurel Park | $450K | $484.9K | +7.8% |
Hendersonville Township | $418.8K | $435K | +3.9% |
Crab Creek Township | $487.5K | $485K | -0.5% |
Housing Supply in Laurel Park, NC
How many homes are available in Laurel Park, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 51 | +21.4% |
Summary: The Laurel Park real estate market had 51 homes for sale in March 2024, a 21.4% 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 | 9 | 10 | +11.1% |
3 Bedrooms | 11 | 17 | +54.5% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Laurel 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 11.1%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 9 | +350.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Laurel Park in March 2024, up by 350.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Laurel Park, NC
How long does it take to sell a home in Laurel Park, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 58 Days | +16.5% |
Summary: Homes in Laurel Park had an average of 58 days on market in Mar 2024, up by 16.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Laurel Park; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.