Is Lovelady Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lovelady Township has remained a Seller's Market.
Housing Prices in Lovelady Township, NC
How much do homes in Lovelady Township, NC cost?
Median Sold Price
$257,500
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lovelady Township was $257,500 in April 2024, up 9.9% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108K | - | N/A |
2 Bedrooms | $161.5K | $199K | +23.2% |
3 Bedrooms | $249.4K | $263.7K | +5.7% |
4 Bedrooms | $303.6K | $290K | -4.5% |
5+ Bedrooms | $256K | $369.9K | +44.5% |
Summary: Lovelady Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 44.5%.
Median Sold Price Compared To Nearby Cities
Icard Township | $190K | $210K | +10.5% |
Lovelady Township | $234.4K | $257.5K | +9.9% |
Valdese | $218.9K | $239.9K | +9.6% |
Drexel Township | $225K | $245K | +8.9% |
Rutherford College | $255.5K | $275K | +7.6% |
Housing Supply in Lovelady Township, NC
How many homes are available in Lovelady Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 38 | +18.8% |
Summary: The Lovelady Township real estate market had 38 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lovelady Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Lovelady Township in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Lovelady Township, NC
How long does it take to sell a home in Lovelady Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 18 Days | +18.0% |
Summary: Homes in Lovelady Township had an average of 18 days on market in Apr 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Lovelady Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.