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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lumberton Township is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Lumberton Township was a Seller's Market.

Key Takeaway

Lumberton Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lumberton Township, NC

How much do homes in Lumberton Township, NC cost?

Median Sold Price

$195,000

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,166(+5.5%)

Key Takeaway

Homes in Lumberton Township have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Lumberton Township was $195,000 in March 2024, up 5.5% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $87K-
N/A
2 $107.5K$109K
+1.4%
3 $184.5K$180K
-2.4%
4 $243.5K$244K
0.2%
5+ $290K$346.2K
+19.4%

Summary: Lumberton 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 increased by 1.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 19.4%.

Median Sold Price Compared To Nearby Cities

Lumberton
+5.7%
Lumberton Township
+5.5%

Housing Supply in Lumberton Township, NC

How many homes are available in Lumberton Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
100106+6.0%

Summary: The Lumberton Township real estate market had 106 homes for sale in March 2024, a 6.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1013
+30.0%
3 6362
-1.6%
4 2326
+13.0%
5+ 45
+25.0%

Summary: The Lumberton 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 30%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1517+13.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lumberton Township, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Lumberton Township in March 2024, up by 13.3% month-over-month. Of the 17 sold homes, 65% were sold under asking, 6% were sold at asking, and 29% were sold over asking.

Days on Market for Lumberton Township, NC

How long does it take to sell a home in Lumberton Township, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
145 Days67 Days-53.8%

Summary: Homes in Lumberton Township had an average of 67 days on market in Mar 2024, down by 53.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lumberton Township has remained consistent over time.

Summary: During March 2024, 17 homes were sold in Lumberton Township; 18% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 29% 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 17 Days Ago

Newest Listings in Lumberton Township, NC

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What housing markets are near Lumberton Township, NC?