Is Lexington Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lexington Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Lexington Township, NC

How much do homes in Lexington Township, NC cost?

Median Sold Price

$280,151

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$43,153(+18.2%)

Key Takeaway

Homes in Lexington Township have sold for 18.2% more than they did a year ago.

Summary: The median home sold price in Lexington Township was $280,151 in February 2024, up 18.2% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $52.5K$125K
+138.1%
2 $145K$180K
+24.1%
3 $235K$265.9K
+13.2%
4 $310.8K$309.1K
-0.6%
5+ $378K$335.2K
-11.3%

Summary: Lexington Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 138.1%, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 11.3%.

Median Sold Price Compared To Nearby Cities

Lexington
+33.3%
Lexington Township
+18.2%
Thomasville Township
+8.2%
Reedy Creek Township
+6.0%
Conrad Hill Township
+4.4%

Housing Supply in Lexington Township, NC

How many homes are available in Lexington Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
379364-4.0%

Summary: The Lexington Township real estate market had 364 homes for sale in February 2024, a 4.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 74
-42.9%
2 5753
-7.0%
3 192198
+3.1%
4 11099
-10.0%
5+ 1310
-23.1%

Summary: The Lexington Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
8474-11.9%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lexington Township, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.

Summary: A total of 74 homes were sold or pending in Lexington Township in February 2024, down by 11.9% month-over-month. Of the 74 sold homes, 57% were sold under asking, 19% were sold at asking, and 24% were sold over asking.

Days on Market for Lexington Township, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
38 Days53 Days+39.1%

Summary: Homes in Lexington Township had an average of 53 days on market in Feb 2024, up by 39.1% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 74 homes were sold in Lexington Township; 47% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 23% 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 27 Days Ago

Newest Listings in Lexington Township, NC

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What housing markets are near Lexington Township, NC?