Is Leland, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leland is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Leland has remained a Seller's Market.

Key Takeaway

Leland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Leland, NC

How much do homes in Leland, NC cost?

Median Sold Price

$405,428

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$36,695(+10.0%)

Key Takeaway

Homes in Leland have sold for 10% more than they did a year ago.

Summary: The median home sold price in Leland was $405,428 in June 2024, up 10% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $300K$275K
-8.3%
3 $343.9K$369.9K
+7.6%
4 $413.4K$459.8K
+11.2%
5+ $475K$469K
-1.2%

Summary: Leland housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 1.2%.

Median Sold Price Compared To Nearby Cities

Leland
+10.0%
Town Creek Township
+6.9%
Northwest Township
+2.6%

Housing Supply in Leland, NC

How many homes are available in Leland, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
445425-4.5%

Summary: The Leland real estate market had 425 homes for sale in June 2024, a 4.5% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 1516
+6.7%
3 245233
-4.9%
4 170155
-8.8%
5+ 1521
+40.0%

Summary: The Leland housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

May 2024Jun 2024CHANGE
103101-1.9%

Asking Price vs. Sold Price

52 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leland, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.

Summary: A total of 101 homes were sold or pending in Leland in June 2024, down by 1.9% month-over-month. Of the 101 sold homes, 51% were sold under asking, 37% were sold at asking, and 12% were sold over asking.

Days on Market for Leland, NC

How long does it take to sell a home in Leland, NC?

Average Sale Time

Jun 2023Jun 2024CHANGE
44 Days59 Days+34.2%

Summary: Homes in Leland had an average of 59 days on market in Jun 2024, up by 34.2% compared to last year.

Breakdown of Home Sale Times

56 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Leland are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 101 homes were sold in Leland; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Leland, NC

Nearby Markets to Leland, NC

What housing markets are near Leland, NC?