Is Lillington 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, Lillington Township has remained a Seller's Market.
Key Takeaway
Lillington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lillington Township, NC
How much do homes in Lillington Township, NC cost?
Median Sold Price
$333,933
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lillington Township have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Lillington Township was $333,933 in March 2024, up 3.1% from last year, and the median price per square foot was $172.
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 | $298.5K | $305K | +2.2% |
| 4 Bedrooms | $365K | $374.9K | +2.7% |
| 5+ Bedrooms | $405.6K | $454.9K | +12.1% |
Summary: Lillington Township 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 2.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 12.1%.
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 Township, NC
How many homes are available in Lillington Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 133 | 136 | +2.3% |
Summary: The Lillington Township real estate market had 136 homes for sale in March 2024, a 2.3% 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 | 77 | 82 | +6.5% |
| 4 Bedrooms | 44 | 40 | -9.1% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Lillington Township 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 6.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 41 | +141.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lillington Township, expect to pay close to the asking price. 46.3% of homes here sold near the asking price last month.
Summary: A total of 41 homes were sold or pending in Lillington Township in March 2024, up by 141.2% month-over-month. Of the 41 sold homes, 34% were sold under asking, 46% were sold at asking, and 20% were sold over asking.
Days on Market for Lillington Township, NC
How long does it take to sell a home in Lillington Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 108 Days | 130 Days | +19.4% |
Summary: Homes in Lillington Township had an average of 130 days on market in Mar 2024, up by 19.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lillington Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 41 homes were sold in Lillington Township; 12% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 49% of homes were sold over 90 days.
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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.