Is Lower Creek Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lower Creek Township was a Seller's Market.
Key Takeaway
Lower Creek Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower Creek Township, NC
How much do homes in Lower Creek Township, NC cost?
Median Sold Price
$223,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lower Creek Township have sold for 23.9% more than they did a year ago.
Summary: The median home sold price in Lower Creek Township was $223,000 in April 2024, up 23.9% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65.9K | - | N/A |
| 2 Bedrooms | $300K | $108.7K | -63.7% |
| 3 Bedrooms | $176.7K | $228K | +29.0% |
| 4 Bedrooms | $204.9K | - | N/A |
| 5+ Bedrooms | $810K | - | N/A |
Summary: Lower Creek 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 63.7%, 3 bedroom homes increased by 29%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lenoir Township | $190K | $240K | +26.3% |
| Lower Creek Township | $180K | $223K | +23.9% |
| Quaker Meadows Township | $280K | $320K | +14.3% |
| Morganton Township | $251.3K | $266.7K | +6.1% |
Housing Supply in Lower Creek Township, NC
How many homes are available in Lower Creek Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The Lower Creek Township real estate market had 10 homes for sale in April 2024, a 42.9% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lower Creek 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 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Creek Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Lower Creek Township in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lower Creek Township, NC
How long does it take to sell a home in Lower Creek Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 29 Days | +262.5% |
Summary: Homes in Lower Creek Township had an average of 29 days on market in Apr 2024, up by 262.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Lower Creek Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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