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 May 2023
Since last year, Lower Creek Township has remained a Seller's Market.
Key Takeaway
Lower Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Creek Township, NC
How much do homes in Lower Creek Township, NC cost?
Median Sold Price
$274,445
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lower Creek Township have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Lower Creek Township was $274,445 in May 2024, up 14.7% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139.9K | - | N/A |
| 2 Bedrooms | $183K | $190K | +3.8% |
| 3 Bedrooms | $239.2K | $278.9K | +16.6% |
| 4 Bedrooms | $339.9K | $290K | -14.7% |
| 5+ Bedrooms | $410K | $413K | +0.7% |
Summary: Lower Creek Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 16.6%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Lenoir Township | $190K | $240.7K | +26.7% |
| Lenoir | $210K | $243.4K | +15.9% |
| Lower Creek Township | $239.2K | $274.4K | +14.7% |
| Hudson Township | $239K | $245K | +2.5% |
Housing Supply in Lower Creek Township, NC
How many homes are available in Lower Creek Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 53 | +8.2% |
Summary: The Lower Creek Township real estate market had 53 homes for sale in May 2024, a 8.2% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 24 | 31 | +29.2% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lower Creek 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 remained the same, 3 bedroom homes increased by 29.2%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Creek Township, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lower Creek Township in May 2024, down by 21.4% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 53 Days | +140.4% |
Summary: Homes in Lower Creek Township had an average of 53 days on market in May 2024, up by 140.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 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 May 2024, 11 homes were sold in Lower Creek Township; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.