Is Lexington Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Lexington Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $52.5K | $125K | +138.1% |
2 Bedrooms | $145K | $180K | +24.1% |
3 Bedrooms | $235K | $265.9K | +13.2% |
4 Bedrooms | $310.8K | $309.1K | -0.6% |
5+ Bedrooms | $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 | $209.9K | $279.9K | +33.3% |
Lexington Township | $236.9K | $280.1K | +18.2% |
Thomasville Township | $217.8K | $235.7K | +8.2% |
Reedy Creek Township | $289.5K | $306.9K | +6.0% |
Conrad Hill Township | $248.4K | $259.5K | +4.4% |
Housing Supply in Lexington Township, NC
How many homes are available in Lexington Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
379 | 364 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 4 | -42.9% |
2 Bedrooms | 57 | 53 | -7.0% |
3 Bedrooms | 192 | 198 | +3.1% |
4 Bedrooms | 110 | 99 | -10.0% |
5+ Bedrooms | 13 | 10 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
84 | 74 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
38 Days | 53 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
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.