Is Laurel Park, 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, Laurel Park was a Seller's Market.
Key Takeaway
Laurel Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Laurel Park, NC
How much do homes in Laurel Park, NC cost?
Median Sold Price
$489,630
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Laurel Park have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Laurel Park was $489,630 in April 2024, up 7.8% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $521.6K | N/A |
| 2 Bedrooms | $360K | $455K | +26.4% |
| 3 Bedrooms | $477K | $480.6K | +0.8% |
| 4 Bedrooms | $803.1K | $520.4K | -35.2% |
| 5+ Bedrooms | - | $506.5K | N/A |
Summary: Laurel Park 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 26.4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 35.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hendersonville | $375K | $439.8K | +17.3% |
| Laurel Park | $454.1K | $489.6K | +7.8% |
| Crab Creek Township | $470K | $500.9K | +6.6% |
| Hendersonville Township | $420K | $440.1K | +4.8% |
Housing Supply in Laurel Park, NC
How many homes are available in Laurel Park, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 58 | +13.7% |
Summary: The Laurel Park real estate market had 58 homes for sale in April 2024, a 13.7% increase 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 | 9 | 10 | +11.1% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 21 | 23 | +9.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Laurel Park 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 11.1%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel Park, 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 Laurel Park in April 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Laurel Park, NC
How long does it take to sell a home in Laurel Park, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 24 Days | -30.0% |
Summary: Homes in Laurel Park had an average of 24 days on market in Apr 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Laurel Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Laurel Park; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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