Is Lee County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lee County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | - | N/A |
2 Bedrooms | $195K | $229K | +17.4% |
3 Bedrooms | $284.9K | $299.9K | +5.2% |
4 Bedrooms | $356.4K | $360K | +1.0% |
5+ Bedrooms | $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 | $420.1K | $444.9K | +5.9% |
Lee County | $298.9K | $312.5K | +4.5% |
Harnett County | $305K | $311.1K | +2.0% |
Chatham County | $523K | $531.6K | +1.7% |
Housing Supply in Lee County, NC
How many homes are available in Lee County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
341 | 384 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 21 | 23 | +9.5% |
3 Bedrooms | 192 | 221 | +15.1% |
4 Bedrooms | 106 | 112 | +5.7% |
5+ Bedrooms | 22 | 27 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 78 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 90 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
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.