Is Locke Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Locke Township has remained a Seller's Market.
Housing Prices in Locke Township, NC
How much do homes in Locke Township, NC cost?
Median Sold Price
$311,063
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Locke Township was $311,063 in April 2024, up 9.1% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $85K | N/A |
2 Bedrooms | $207K | $195K | -5.8% |
3 Bedrooms | $265K | $305K | +15.1% |
4 Bedrooms | $377.5K | $410K | +8.6% |
5+ Bedrooms | $584.9K | $645K | +10.3% |
Summary: Locke Township 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 decreased by 5.8%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $260.6K | $300K | +15.1% |
Salisbury Township | $243.2K | $270.1K | +11.0% |
Salisbury | $250K | $274.9K | +10.0% |
Locke Township | $285K | $311K | +9.1% |
Litaker Township | $321.7K | $300K | -6.8% |
Housing Supply in Locke Township, NC
How many homes are available in Locke Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 60 | +36.4% |
Summary: The Locke Township real estate market had 60 homes for sale in April 2024, a 36.4% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 29 | 37 | +27.6% |
4 Bedrooms | 11 | 17 | +54.5% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Locke Township 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 remained the same, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 19 | +216.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Locke Township in April 2024, up by 216.7% month-over-month. Of the 19 sold homes, 42% were sold under asking, 42% were sold at asking, and 16% were sold over asking.
Days on Market for Locke Township, NC
How long does it take to sell a home in Locke Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 68 Days | +85.5% |
Summary: Homes in Locke Township had an average of 68 days on market in Apr 2024, up by 85.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Locke Township; 37% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.