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 May 2023
At the same time last year, Lockwoods Folly Township was a Seller's Market.
Housing Prices in Lockwoods Folly Township, NC
How much do homes in Lockwoods Folly Township, NC cost?
Median Sold Price
$483,497
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lockwoods Folly Township was $483,497 in May 2024, up 21% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $39K | $263.5K | +575.6% |
2 Bedrooms | $278K | $280K | +0.7% |
3 Bedrooms | $392.1K | $479.9K | +22.4% |
4 Bedrooms | $535K | $659K | +23.2% |
5+ Bedrooms | $1.3M | $900K | -32.1% |
Summary: Lockwoods Folly Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 575.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes decreased by 32.1%.
Median Sold Price Compared To Nearby Cities
Supply | $430.6K | $550K | +27.7% |
Lockwoods Folly Township | $399.4K | $483.4K | +21.0% |
Shallotte | $316.5K | $334.9K | +5.8% |
Holden Beach | $855K | $890K | +4.1% |
Housing Supply in Lockwoods Folly Township, NC
How many homes are available in Lockwoods Folly Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
513 | 516 | +0.6% |
Summary: The Lockwoods Folly Township real estate market had 516 homes for sale in May 2024, a 0.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 42 | 39 | -7.1% |
3 Bedrooms | 295 | 302 | +2.4% |
4 Bedrooms | 158 | 156 | -1.3% |
5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Lockwoods Folly Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
100 | 76 | -24.0% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in Lockwoods Folly Township in May 2024, down by 24.0% month-over-month. Of the 76 sold homes, 59% were sold under asking, 33% were sold at asking, and 8% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
72 Days | 99 Days | +37.2% |
Summary: Homes in Lockwoods Folly Township had an average of 99 days on market in May 2024, up by 37.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During May 2024, 76 homes were sold in Lockwoods Folly Township; 33% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.