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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Linwood is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Linwood, NC

How much do homes in Linwood, NC cost?

Median Sold Price

$265,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$25,000(+10.4%)

Key Takeaway

Homes in Linwood have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Linwood was $265,000 in April 2024, up 10.4% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$141.5K
N/A
2 $132K$150.3K
+13.9%
3 $251.2K$265K
+5.5%
4 $1.3M$272.9K
-79.0%
5+ $1.2M-
N/A

Summary: Linwood 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 13.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 79%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Franklin Township
+15.1%
Spencer
+13.2%
Linwood
+10.4%
Tyro Township
+0.9%
Boone Township
-1.8%

Housing Supply in Linwood, NC

How many homes are available in Linwood, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
11110.0%

Summary: The Linwood real estate market had 11 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 79
+28.6%
4 11
0.0%
5+ 00
0.0%

Summary: The Linwood 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 decreased by 66.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Linwood, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Linwood in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Linwood, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
9 Days72 Days+682.0%

Summary: Homes in Linwood had an average of 72 days on market in Apr 2024, up by 682% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 3 homes were sold in Linwood; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 Linwood, NC

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