Is Lumberton Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lumberton Township is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Lumberton Township was a Seller's Market.

Key Takeaway

Lumberton Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lumberton Township, NC

How much do homes in Lumberton Township, NC cost?

Median Sold Price

$194,000

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$9,000(+4.9%)

Key Takeaway

Homes in Lumberton Township have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Lumberton Township was $194,000 in April 2024, up 4.9% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $87K-
N/A
2 $105K$130K
+23.8%
3 $185K$180K
-2.7%
4 $249.9K$242.5K
-3.0%
5+ $288.7K$291.9K
+1.1%

Summary: Lumberton 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 increased by 23.8%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 1.1%.

Median Sold Price Compared To Nearby Cities

Lumberton Township
+4.9%
Lumberton
+4.9%

Housing Supply in Lumberton Township, NC

How many homes are available in Lumberton Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
106104-1.9%

Summary: The Lumberton Township real estate market had 104 homes for sale in April 2024, a 1.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1518
+20.0%
3 6053
-11.7%
4 2626
0.0%
5+ 57
+40.0%

Summary: The Lumberton 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 20%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2017-15.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lumberton Township, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Lumberton Township in April 2024, down by 15.0% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% were sold over asking.

Days on Market for Lumberton Township, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
110 Days104 Days-5.7%

Summary: Homes in Lumberton Township had an average of 104 days on market in Apr 2024, down by 5.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lumberton Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 17 homes were sold in Lumberton Township; 24% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 41% 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 Lumberton Township, NC

Nearby Markets to Lumberton Township, NC

What housing markets are near Lumberton Township, NC?