Is Leicester, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Leicester was a Seller's Market.
Key Takeaway
Leicester 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 Leicester, NC
How much do homes in Leicester, NC cost?
Median Sold Price
$385,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Leicester have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Leicester was $385,000 in April 2024, down 3.8% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $367.5K | $300K | -18.4% |
| 2 Bedrooms | $340K | $255K | -25.0% |
| 3 Bedrooms | $407K | $385K | -5.4% |
| 4 Bedrooms | $425.1K | $502K | +18.1% |
| 5+ Bedrooms | $379.3K | $1.0M | +178.9% |
Summary: Leicester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.4%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 178.9%.
Median Sold Price Compared To Nearby Cities
| French Broad Township | $414.9K | $448.3K | +8.1% |
| Leicester | $400K | $385K | -3.8% |
| Leicester Township | $410K | $387K | -5.6% |
| Alexander | $407.5K | $375K | -8.0% |
Housing Supply in Leicester, NC
How many homes are available in Leicester, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 62 | +12.7% |
Summary: The Leicester real estate market had 62 homes for sale in April 2024, a 12.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 36 | 35 | -2.8% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Leicester 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 40%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leicester, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Leicester in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Leicester, NC
How long does it take to sell a home in Leicester, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 27 Days | -45.8% |
Summary: Homes in Leicester had an average of 27 days on market in Apr 2024, down by 45.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Leicester are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Leicester; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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