Is Laurinburg, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Laurinburg is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Laurinburg, NC

How much do homes in Laurinburg, NC cost?

Median Sold Price

$162,500

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$1,500(-0.9%)

Key Takeaway

Homes in Laurinburg have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Laurinburg was $162,500 in April 2024, down 0.9% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $69K$91.2K
+32.2%
3 $150K$169K
+12.7%
4 $253K$250K
-1.2%
5+ $239.5K$230K
-4.0%

Summary: Laurinburg 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 32.2%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 4%.

Median Sold Price Compared To Nearby Cities

Laurinburg
-0.9%
Stewartsville Township
-2.2%

Housing Supply in Laurinburg, NC

How many homes are available in Laurinburg, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6364+1.6%

Summary: The Laurinburg real estate market had 64 homes for sale in April 2024, a 1.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1315
+15.4%
3 3334
+3.0%
4 1514
-6.7%
5+ 21
-50.0%

Summary: The Laurinburg 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 15.4%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 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 Laurinburg, 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 Laurinburg in April 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 Laurinburg, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
44 Days19 Days-56.9%

Summary: Homes in Laurinburg had an average of 19 days on market in Apr 2024, down by 56.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 17 homes were sold in Laurinburg; 71% of homes were sold within 30 days, 29% 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 12 Days Ago

Newest Listings in Laurinburg, NC

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