Is Lenoir County, 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, Lenoir County has remained a Seller's Market.
Housing Prices in Lenoir County, NC
How much do homes in Lenoir County, NC cost?
Median Sold Price
$202,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lenoir County was $202,000 in March 2024, up 6.4% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83K | $20.5K | -75.3% |
2 Bedrooms | $104.9K | $93.5K | -10.9% |
3 Bedrooms | $180K | $200K | +11.1% |
4 Bedrooms | $247.5K | $255K | +3.0% |
5+ Bedrooms | $372.5K | $337K | -9.5% |
Summary: Lenoir County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.3%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Counties
Craven County | $270.1K | $296.2K | +9.7% |
Lenoir County | $189.9K | $202K | +6.4% |
Wayne County | $239.9K | $250.7K | +4.5% |
Pitt County | $255.1K | $265.3K | +4.0% |
Housing Supply in Lenoir County, NC
How many homes are available in Lenoir County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
175 | 197 | +12.6% |
Summary: The Lenoir County real estate market had 197 homes for sale in March 2024, a 12.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 20 | 19 | -5.0% |
3 Bedrooms | 95 | 113 | +18.9% |
4 Bedrooms | 44 | 51 | +15.9% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Lenoir County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 40 | +29.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Lenoir County in March 2024, up by 29.0% month-over-month. Of the 40 sold homes, 63% were sold under asking, 33% were sold at asking, and 5% were sold over asking.
Days on Market for Lenoir County, NC
How long does it take to sell a home in Lenoir County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 72 Days | +43.4% |
Summary: Homes in Lenoir County had an average of 72 days on market in Mar 2024, up by 43.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in Lenoir County; 45% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.