Is Lake Park, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lake Park has remained a Seller's Market.
Housing Prices in Lake Park, NC
How much do homes in Lake Park, NC cost?
Median Sold Price
$380,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Park was $380,000 in April 2024, down 1.1% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $277K | $286.7K | +3.5% |
3 Bedrooms | $390K | $364.2K | -6.6% |
4 Bedrooms | $400K | $440K | +10.0% |
5+ Bedrooms | $430K | $567K | +31.9% |
Summary: Lake Park 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 3.5%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 31.9%.
Median Sold Price Compared To Nearby Cities
Hemby Bridge | $327.5K | $345.9K | +5.6% |
Indian Trail | $419.2K | $426.9K | +1.8% |
Vance Township | $424.8K | $429.9K | +1.2% |
Lake Park | $384.2K | $380K | -1.1% |
Housing Supply in Lake Park, NC
How many homes are available in Lake Park, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Summary: The Lake Park real estate market had 21 homes for sale in April 2024, a 10.5% 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 | 6 | 5 | -16.7% |
3 Bedrooms | 5 | 9 | +80.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Lake Park 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 decreased by 16.7%, 3 bedroom homes increased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Lake Park in April 2024, up by 166.7% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Lake Park, NC
How long does it take to sell a home in Lake Park, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
2 Days | 27 Days | +868.8% |
Summary: Homes in Lake Park had an average of 27 days on market in Apr 2024, up by 868.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Lake Park; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.