Is Landis, 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, Landis has remained a Seller's Market.
Key Takeaway
Landis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Landis, NC
How much do homes in Landis, NC cost?
Median Sold Price
$293,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Landis have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Landis was $293,500 in April 2024, up 5.7% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $149.9K | N/A |
| 2 Bedrooms | $185K | $230K | +24.3% |
| 3 Bedrooms | $290K | $298.9K | +3.1% |
| 4 Bedrooms | $335K | $514.9K | +53.7% |
| 5+ Bedrooms | $592.5K | $387.5K | -34.6% |
Summary: Landis 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 24.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 53.7%, and 5+ bedroom homes decreased by 34.6%.
Median Sold Price Compared To Nearby Cities
| Atwell Township | $300K | $341K | +13.7% |
| Landis | $277.6K | $293.5K | +5.7% |
| China Grove | $274.9K | $290K | +5.5% |
| Kannapolis | $289.6K | $295K | +1.8% |
| China Grove Township | $277K | $280K | +1.1% |
Housing Supply in Landis, NC
How many homes are available in Landis, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Landis real estate market had 23 homes for sale in April 2024, a 4.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Landis 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 40%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Landis, expect to pay close to the asking price. 70% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Landis in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 70% were sold at asking, and 20% were sold over asking.
Days on Market for Landis, NC
How long does it take to sell a home in Landis, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 41 Days | +75.4% |
Summary: Homes in Landis had an average of 41 days on market in Apr 2024, up by 75.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Landis has remained consistent over time.
Summary: During April 2024, 10 homes were sold in Landis; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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