Is Lexington, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lexington was a Neutral Market.
Housing Prices in Lexington, NC
How much do homes in Lexington, NC cost?
Median Sold Price
$282,115
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lexington was $282,115 in April 2024, up 0.7% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126K | $118K | -6.3% |
2 Bedrooms | $175.5K | $181K | +3.1% |
3 Bedrooms | $259.9K | $266.8K | +2.7% |
4 Bedrooms | $317.9K | $310K | -2.5% |
5+ Bedrooms | $351K | $365K | +4.0% |
Summary: Lexington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
Silver Hill Township | $304.3K | $320K | +5.1% |
Conrad Hill Township | $248.4K | $260K | +4.6% |
Lexington | $280.2K | $282.1K | +0.7% |
Lexington Township | $280.2K | $282.1K | +0.7% |
Cotton Grove Township | $315K | $312.5K | -0.8% |
Housing Supply in Lexington, NC
How many homes are available in Lexington, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
401 | 422 | +5.2% |
Summary: The Lexington real estate market had 422 homes for sale in April 2024, a 5.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 54 | 67 | +24.1% |
3 Bedrooms | 193 | 203 | +5.2% |
4 Bedrooms | 135 | 134 | -0.7% |
5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Lexington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 90 | -1.1% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 90 homes were sold or pending in Lexington in April 2024, down by 1.1% month-over-month. Of the 90 sold homes, 47% were sold under asking, 41% were sold at asking, and 12% were sold over asking.
Days on Market for Lexington, NC
How long does it take to sell a home in Lexington, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 46 Days | +9.5% |
Summary: Homes in Lexington had an average of 46 days on market in Apr 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During April 2024, 90 homes were sold in Lexington; 56% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.