Is Lenoir, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lenoir has remained a Seller's Market.
Housing Prices in Lenoir, NC
How much do homes in Lenoir, NC cost?
Median Sold Price
$241,160
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lenoir was $241,160 in April 2024, up 14.8% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $139.9K | +11.9% |
2 Bedrooms | $157.5K | $185K | +17.5% |
3 Bedrooms | $212.2K | $241.5K | +13.8% |
4 Bedrooms | $305K | $278.9K | -8.5% |
5+ Bedrooms | $330K | $485K | +47.0% |
Summary: Lenoir housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 47%.
Median Sold Price Compared To Nearby Cities
Lenoir Township | $190K | $240K | +26.3% |
Lenoir | $210K | $241.1K | +14.8% |
Lower Creek Township | $240.4K | $269.9K | +12.2% |
Hudson Township | $232.5K | $245K | +5.4% |
Housing Supply in Lenoir, NC
How many homes are available in Lenoir, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
175 | 164 | -6.3% |
Summary: The Lenoir real estate market had 164 homes for sale in April 2024, a 6.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 28 | 28 | 0.0% |
3 Bedrooms | 98 | 92 | -6.1% |
4 Bedrooms | 36 | 29 | -19.4% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Lenoir housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 38 | -24.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Lenoir in April 2024, down by 24.0% month-over-month. Of the 38 sold homes, 45% were sold under asking, 26% were sold at asking, and 29% were sold over asking.
Days on Market for Lenoir, NC
How long does it take to sell a home in Lenoir, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 43 Days | +35.0% |
Summary: Homes in Lenoir had an average of 43 days on market in Apr 2024, up by 35% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in Lenoir; 66% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.