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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lincolnton Township is a neutral's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Lincolnton Township was a Buyer's Market.

Key Takeaway

Lincolnton Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lincolnton Township, NC

How much do homes in Lincolnton Township, NC cost?

Median Sold Price

$297,250

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$35,375(+13.5%)

Key Takeaway

Homes in Lincolnton Township have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in Lincolnton Township was $297,250 in January 2024, up 13.5% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $60K$160K
+166.6%
2 $142.5K$194.2K
+36.3%
3 $269.9K$297.2K
+10.1%
4 $355K$403.4K
+13.7%
5+ $424.5K$514K
+21.1%

Summary: Lincolnton Township housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 166.6%, 2 bedroom homes increased by 36.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 21.1%.

Median Sold Price Compared To Nearby Cities

Maiden
+27.7%
Lincolnton
+15.9%
Lincolnton Township
+13.5%
Ironton Township
+7.9%
Howards Creek Township
-13.2%

Housing Supply in Lincolnton Township, NC

How many homes are available in Lincolnton Township, NC?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
130134+3.1%

Summary: The Lincolnton Township real estate market had 134 homes for sale in January 2024, a 3.1% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 02
+100.0%
2 1415
+7.1%
3 8990
+1.1%
4 2223
+4.5%
5+ 54
-20.0%

Summary: The Lincolnton Township housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
3621-41.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lincolnton Township, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Lincolnton Township in January 2024, down by 41.7% month-over-month. Of the 21 sold homes, 52% were sold under asking, 14% were sold at asking, and 33% were sold over asking.

Days on Market for Lincolnton Township, NC

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

Average Sale Time

Jan 2023Jan 2024CHANGE
36 Days39 Days+7.5%

Summary: Homes in Lincolnton Township had an average of 39 days on market in Jan 2024, up by 7.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lincolnton Township has remained consistent over time.

Summary: During January 2024, 21 homes were sold in Lincolnton Township; 48% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Lincolnton Township, NC

Nearby Markets to Lincolnton Township, NC

What housing markets are near Lincolnton Township, NC?