Is Lenoir Township, 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 Township has remained a Seller's Market.
Key Takeaway
Lenoir Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lenoir Township, NC
How much do homes in Lenoir Township, NC cost?
Median Sold Price
$239,933
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lenoir Township have sold for 29.5% more than they did a year ago.
Summary: The median home sold price in Lenoir Township was $239,933 in March 2024, up 29.5% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $134.9K | +8.0% |
| 2 Bedrooms | $155K | $175.7K | +13.4% |
| 3 Bedrooms | $191.2K | $240K | +25.5% |
| 4 Bedrooms | $220.4K | $278.4K | +26.4% |
| 5+ Bedrooms | $356.5K | $565K | +58.5% |
Summary: Lenoir Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes increased by 58.5%.
Median Sold Price Compared To Nearby Cities
| Lenoir Township | $185.3K | $239.9K | +29.5% |
| Cajah's Mountain | $205K | $246.5K | +20.2% |
| Lenoir | $210K | $239.9K | +14.3% |
| North Catawba Township | $229.9K | $215K | -6.5% |
| Gamewell | $214K | $188.2K | -12.0% |
Housing Supply in Lenoir Township, NC
How many homes are available in Lenoir Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 152 | 168 | +10.5% |
Summary: The Lenoir Township real estate market had 168 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 32 | 29 | -9.4% |
| 3 Bedrooms | 84 | 94 | +11.9% |
| 4 Bedrooms | 26 | 31 | +19.2% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Lenoir Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 46 | +31.4% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lenoir Township, you may be able to get a good deal. 45.7% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Lenoir Township in March 2024, up by 31.4% month-over-month. Of the 46 sold homes, 46% were sold under asking, 35% were sold at asking, and 20% were sold over asking.
Days on Market for Lenoir Township, NC
How long does it take to sell a home in Lenoir Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 44 Days | +62.0% |
Summary: Homes in Lenoir Township had an average of 44 days on market in Mar 2024, up by 62% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lenoir Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 46 homes were sold in Lenoir Township; 54% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.