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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Litaker Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Litaker Township has remained a Seller's Market.

Key Takeaway

Litaker Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Litaker Township, NC

How much do homes in Litaker Township, NC cost?

Median Sold Price

$340,122

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$48,877(+16.8%)

Key Takeaway

Homes in Litaker Township have sold for 16.8% more than they did a year ago.

Summary: The median home sold price in Litaker Township was $340,122 in November 2024, up 16.8% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $299.9K$345K
+15.0%
3 $282.5K$325K
+15.0%
4 $299.4K$414.9K
+38.5%
5+ $452.5K$615K
+35.9%

Summary: Litaker Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 35.9%.

Median Sold Price Compared To Nearby Cities

Litaker Township
+16.8%
China Grove Township
+3.9%
Gold Hill Township
+0.7%
Granite Quarry
0.0%

Housing Supply in Litaker Township, NC

How many homes are available in Litaker Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5045-10.0%

Summary: The Litaker Township real estate market had 45 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 88
0.0%
3 3428
-17.6%
4 57
+40.0%
5+ 32
-33.3%

Summary: The Litaker Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1612-25.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Litaker Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Litaker Township in November 2024, down by 25.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Litaker Township, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days38 Days+70.8%

Summary: Homes in Litaker Township had an average of 38 days on market in Nov 2024, up by 70.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Litaker Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in Litaker Township; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% 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 1 Day Ago

Newest Listings in Litaker Township, NC

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