Is Lenoir, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lenoir is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Lenoir has remained a Seller's Market.

Key Takeaway

Lenoir is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lenoir, NC

How much do homes in Lenoir, NC cost?

Median Sold Price

$241,160

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$31,160(+14.8%)

Key Takeaway

Homes in Lenoir have sold for 14.8% more than they did a year ago.

Summary: The median home sold price in Lenoir was $241,160 in April 2024, up 14.8% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $125K$139.9K
+11.9%
2 $157.5K$185K
+17.5%
3 $212.2K$241.5K
+13.8%
4 $305K$278.9K
-8.5%
5+ $330K$485K
+47.0%

Summary: Lenoir housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 47%.

Median Sold Price Compared To Nearby Cities

Lenoir Township
+26.3%
Lenoir
+14.8%
Lower Creek Township
+12.2%
Hudson Township
+5.4%

Housing Supply in Lenoir, NC

How many homes are available in Lenoir, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
175164-6.3%

Summary: The Lenoir real estate market had 164 homes for sale in April 2024, a 6.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 23
+50.0%
2 2828
0.0%
3 9892
-6.1%
4 3629
-19.4%
5+ 1112
+9.1%

Summary: The Lenoir housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5038-24.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lenoir, you may be able to get a good deal. 44.7% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Lenoir in April 2024, down by 24.0% month-over-month. Of the 38 sold homes, 45% were sold under asking, 26% were sold at asking, and 29% were sold over asking.

Days on Market for Lenoir, NC

How long does it take to sell a home in Lenoir, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days43 Days+35.0%

Summary: Homes in Lenoir had an average of 43 days on market in Apr 2024, up by 35% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lenoir are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 38 homes were sold in Lenoir; 66% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 21% 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 27 Days Ago

Newest Listings in Lenoir, NC

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