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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lockwoods Folly Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Lockwoods Folly Township was a Neutral Market.

Key Takeaway

Lockwoods Folly Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$76,966(+19.4%)

Key Takeaway

Homes in Lockwoods Folly Township have sold for 19.4% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$212K
N/A
2 $278.5K$302K
+8.4%
3 $380K$460.2K
+21.1%
4 $542.5K$645K
+18.9%
5+ $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
+19.4%
Supply
+9.0%
Shallotte
+6.7%
Holden Beach
-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 2024Feb 2024CHANGE
377430+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

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 2628
+7.7%
3 218253
+16.1%
4 119130
+9.2%
5+ 1418
+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 2024Feb 2024CHANGE
4946-6.1%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lockwoods Folly Township, you may be able to get a good deal. 71.7% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
84 Days83 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lockwoods Folly Township are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Lockwoods Folly Township, NC

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