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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lovelady Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$23,100(+9.9%)

Key Takeaway

Homes in Lovelady Township have sold for 9.9% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $108K-
N/A
2 $161.5K$199K
+23.2%
3 $249.4K$263.7K
+5.7%
4 $303.6K$290K
-4.5%
5+ $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
+10.5%
Lovelady Township
+9.9%
Valdese
+9.6%
Drexel Township
+8.9%
Rutherford College
+7.6%

Housing Supply in Lovelady Township, NC

How many homes are available in Lovelady Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3238+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

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 911
+22.2%
3 1518
+20.0%
4 66
0.0%
5+ 12
+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 2024Apr 2024CHANGE
67+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lovelady Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
15 Days18 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 7 Days Ago

Newest Listings in Lovelady Township, NC

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