Is Leland, 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, Leland has remained a Seller's Market.
Key Takeaway
Leland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leland, NC
How much do homes in Leland, NC cost?
Median Sold Price
$396,322
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Leland have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Leland was $396,322 in April 2024, up 6.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299.9K | $275K | -8.3% |
| 3 Bedrooms | $344.9K | $361.4K | +4.8% |
| 4 Bedrooms | $410.7K | $448.9K | +9.3% |
| 5+ Bedrooms | $475K | $452.5K | -4.8% |
Summary: Leland 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 decreased by 8.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Leland | $372K | $396.3K | +6.5% |
| Town Creek Township | $359.9K | $379.9K | +5.6% |
| Northwest Township | $349.9K | $355K | +1.4% |
Housing Supply in Leland, NC
How many homes are available in Leland, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 377 | 391 | +3.7% |
Summary: The Leland real estate market had 391 homes for sale in April 2024, a 3.7% 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 | 11 | 11 | 0.0% |
| 3 Bedrooms | 221 | 220 | -0.5% |
| 4 Bedrooms | 133 | 144 | +8.3% |
| 5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Leland 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 remained the same, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 86 | 82 | -4.7% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leland, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 82 homes were sold or pending in Leland in April 2024, down by 4.7% month-over-month. Of the 82 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Leland, NC
How long does it take to sell a home in Leland, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 69 Days | +83.9% |
Summary: Homes in Leland had an average of 69 days on market in Apr 2024, up by 83.9% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 82 homes were sold in Leland; 55% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
