Is Locke Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Locke Township was a Seller's Market.
Key Takeaway
Locke Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Locke Township, NC
How much do homes in Locke Township, NC cost?
Median Sold Price
$303,900
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Locke Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Locke Township was $303,900 in March 2024, up 8.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85K | N/A |
| 2 Bedrooms | $207K | $195K | -5.8% |
| 3 Bedrooms | $262.5K | $294.5K | +12.2% |
| 4 Bedrooms | $382.5K | $457.5K | +19.6% |
| 5+ Bedrooms | $584.9K | $645K | +10.3% |
Summary: Locke Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $256K | $298.5K | +16.6% |
| Salisbury Township | $231K | $267.8K | +15.9% |
| Salisbury | $244.9K | $272.5K | +11.3% |
| Locke Township | $280K | $303.9K | +8.5% |
| Litaker Township | $323.7K | $299.9K | -7.4% |
Housing Supply in Locke Township, NC
How many homes are available in Locke Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 44 | 0.0% |
Summary: The Locke Township real estate market had 44 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 32 | 31 | -3.1% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Locke 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 100%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Locke Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Locke Township in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Locke Township, NC
How long does it take to sell a home in Locke Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 80 Days | 69 Days | -14.1% |
Summary: Homes in Locke Township had an average of 69 days on market in Mar 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Locke Township has remained consistent over time.
Summary: During March 2024, 4 homes were sold in Locke Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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