Is Lake Lure, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lake Lure was a Neutral Market.
Key Takeaway
Lake Lure is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Lure, NC
How much do homes in Lake Lure, NC cost?
Median Sold Price
$460,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lake Lure have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Lake Lure was $460,000 in April 2024, down 2.1% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138.5K | $150K | +8.3% |
| 2 Bedrooms | $395.5K | $380K | -3.9% |
| 3 Bedrooms | $557.5K | $550K | -1.3% |
| 4 Bedrooms | $985K | $957.5K | -2.8% |
| 5+ Bedrooms | $1.3M | $2.0M | +58.4% |
Summary: Lake Lure housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 58.4%.
Median Sold Price Compared To Nearby Cities
| Mill Spring | $454K | $532K | +17.2% |
| Chimney Rock Township | $455K | $480K | +5.5% |
| Lake Lure | $470K | $460K | -2.1% |
Housing Supply in Lake Lure, NC
How many homes are available in Lake Lure, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 95 | +26.7% |
Summary: The Lake Lure real estate market had 95 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 22 | 26 | +18.2% |
| 3 Bedrooms | 37 | 48 | +29.7% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Lake Lure housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 29.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Lure, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Lake Lure in April 2024, down by 35.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Lake Lure, NC
How long does it take to sell a home in Lake Lure, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 71 Days | 79 Days | +10.8% |
Summary: Homes in Lake Lure had an average of 79 days on market in Apr 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Lure are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Lake Lure; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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