Is Lillington, 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, Lillington has remained a Seller's Market.
Key Takeaway
Lillington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lillington, NC
How much do homes in Lillington, NC cost?
Median Sold Price
$327,364
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lillington have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Lillington was $327,364 in March 2024, up 3.9% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $99.5K | +42.1% |
| 2 Bedrooms | $150K | $180K | +20.0% |
| 3 Bedrooms | $291K | $300K | +3.1% |
| 4 Bedrooms | $360K | $365K | +1.4% |
| 5+ Bedrooms | $380K | $454.9K | +19.7% |
Summary: Lillington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.1%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 19.7%.
Median Sold Price Compared To Nearby Cities
| Neills Creek Township | $359.9K | $374.9K | +4.2% |
| Lillington | $315K | $327.3K | +3.9% |
| Lillington Township | $323.8K | $333.9K | +3.1% |
| Stewarts Creek Township | $299.3K | $295K | -1.4% |
| Bunnlevel | $295K | $285.2K | -3.3% |
Housing Supply in Lillington, NC
How many homes are available in Lillington, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 137 | 139 | +1.5% |
Summary: The Lillington real estate market had 139 homes for sale in March 2024, a 1.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 80 | 83 | +3.8% |
| 4 Bedrooms | 45 | 42 | -6.7% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Lillington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 43 | +126.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lillington, expect to pay close to the asking price. 44.2% of homes here sold near the asking price last month.
Summary: A total of 43 homes were sold or pending in Lillington in March 2024, up by 126.3% month-over-month. Of the 43 sold homes, 35% were sold under asking, 44% were sold at asking, and 21% were sold over asking.
Days on Market for Lillington, NC
How long does it take to sell a home in Lillington, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 102 Days | 126 Days | +24.1% |
Summary: Homes in Lillington had an average of 126 days on market in Mar 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lillington are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 43 homes were sold in Lillington; 12% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
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