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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lockwoods Folly Township is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Lockwoods Folly 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 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

+$84,054(+21.0%)

Key Takeaway

Homes in Lockwoods Folly Township have sold for 21% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $39K$263.5K
+575.6%
2 $278K$280K
+0.7%
3 $392.1K$479.9K
+22.4%
4 $535K$659K
+23.2%
5+ $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
+27.7%
Lockwoods Folly Township
+21.0%
Shallotte
+5.8%
Holden Beach
+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 2024May 2024CHANGE
513516+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

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 4239
-7.1%
3 295302
+2.4%
4 158156
-1.3%
5+ 1718
+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 2024May 2024CHANGE
10076-24.0%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lockwoods Folly Township, you may be able to get a good deal. 59.2% of homes here sold below asking price last month.

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 2023May 2024CHANGE
72 Days99 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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