Is Lockwoods Folly Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Lockwoods Folly Township was a Neutral Market.
Housing Prices in Lockwoods Folly Township, NC
How much do homes in Lockwoods Folly Township, NC cost?
Median Sold Price
$474,300
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lockwoods Folly Township was $474,300 in February 2024, up 19.4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $212K | N/A |
2 Bedrooms | $278.5K | $302K | +8.4% |
3 Bedrooms | $380K | $460.2K | +21.1% |
4 Bedrooms | $542.5K | $645K | +18.9% |
5+ Bedrooms | $1.3M | $782.5K | -39.8% |
Summary: Lockwoods Folly Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes decreased by 39.8%.
Median Sold Price Compared To Nearby Cities
Lockwoods Folly Township | $397.3K | $474.3K | +19.4% |
Supply | $464.4K | $506.3K | +9.0% |
Shallotte | $315.3K | $336.5K | +6.7% |
Holden Beach | $857.2K | $840K | -2.0% |
Housing Supply in Lockwoods Folly Township, NC
How many homes are available in Lockwoods Folly Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
377 | 430 | +14.1% |
Summary: The Lockwoods Folly Township real estate market had 430 homes for sale in February 2024, a 14.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 26 | 28 | +7.7% |
3 Bedrooms | 218 | 253 | +16.1% |
4 Bedrooms | 119 | 130 | +9.2% |
5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Lockwoods Folly Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
49 | 46 | -6.1% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Lockwoods Folly Township in February 2024, down by 6.1% month-over-month. Of the 46 sold homes, 72% were sold under asking, 24% were sold at asking, and 4% were sold over asking.
Days on Market for Lockwoods Folly Township, NC
How long does it take to sell a home in Lockwoods Folly Township, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
84 Days | 83 Days | -0.7% |
Summary: Homes in Lockwoods Folly Township had an average of 83 days on market in Feb 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During February 2024, 46 homes were sold in Lockwoods Folly Township; 28% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.