Is Lee County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lee County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Lee County, NC

How much do homes in Lee County, NC cost?

Median Sold Price

$312,500

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$13,508(+4.5%)

Key Takeaway

Homes in Lee County have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Lee County was $312,500 in March 2024, up 4.5% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $202.5K-
N/A
2 $195K$229K
+17.4%
3 $284.9K$299.9K
+5.2%
4 $356.4K$360K
+1.0%
5+ $439.9K$470K
+6.8%

Summary: Lee County 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 17.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 6.8%.

Median Sold Price Compared To Nearby Counties

Moore County
+5.9%
Lee County
+4.5%
Harnett County
+2.0%
Chatham County
+1.7%

Housing Supply in Lee County, NC

How many homes are available in Lee County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
341384+12.6%

Summary: The Lee County real estate market had 384 homes for sale in March 2024, a 12.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 2123
+9.5%
3 192221
+15.1%
4 106112
+5.7%
5+ 2227
+22.7%

Summary: The Lee County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 22.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
5078+56.0%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lee County, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 78 homes were sold or pending in Lee County in March 2024, up by 56.0% month-over-month. Of the 78 sold homes, 54% were sold under asking, 28% were sold at asking, and 18% were sold over asking.

Days on Market for Lee County, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
60 Days90 Days+49.3%

Summary: Homes in Lee County had an average of 90 days on market in Mar 2024, up by 49.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

30 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lee County has remained consistent over time.

Summary: During March 2024, 78 homes were sold in Lee County; 10% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 38% 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 26 Days Ago

Newest Listings in Lee County, NC

Nearby Markets to Lee County, NC

What housing markets are near Lee County, NC?