Is Lockwoods Folly 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, Lockwoods Folly Township has remained a Seller's Market.
Housing Prices in Lockwoods Folly Township, NC
How much do homes in Lockwoods Folly Township, NC cost?
Median Sold Price
$485,433
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lockwoods Folly Township was $485,433 in April 2024, up 22.7% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $39K | $263.5K | +575.6% |
2 Bedrooms | $285K | $310K | +8.8% |
3 Bedrooms | $379.5K | $479.9K | +26.5% |
4 Bedrooms | $533.2K | $657K | +23.2% |
5+ Bedrooms | $1.1M | $1.1M | 0.0% |
Summary: Lockwoods Folly Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 575.6%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lockwoods Folly Township | $395.5K | $485.4K | +22.7% |
Shallotte | $314.6K | $338.4K | +7.6% |
Supply | $485.8K | $516.4K | +6.3% |
Holden Beach | $855K | $849.5K | -0.6% |
Housing Supply in Lockwoods Folly Township, NC
How many homes are available in Lockwoods Folly Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
457 | 475 | +3.9% |
Summary: The Lockwoods Folly Township real estate market had 475 homes for sale in April 2024, a 3.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 31 | 35 | +12.9% |
3 Bedrooms | 258 | 272 | +5.4% |
4 Bedrooms | 148 | 150 | +1.4% |
5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The Lockwoods Folly 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 increased by 12.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 83 | +56.6% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 83 homes were sold or pending in Lockwoods Folly Township in April 2024, up by 56.6% month-over-month. Of the 83 sold homes, 65% were sold under asking, 25% were sold at asking, and 10% were sold over asking.
Days on Market for Lockwoods Folly Township, NC
How long does it take to sell a home in Lockwoods Folly Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
78 Days | 86 Days | +11.0% |
Summary: Homes in Lockwoods Folly Township had an average of 86 days on market in Apr 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During April 2024, 83 homes were sold in Lockwoods Folly Township; 35% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.