Is Lenoir County, 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, Lenoir County has remained a Seller's Market.
Housing Prices in Lenoir County, NC
How much do homes in Lenoir County, NC cost?
Median Sold Price
$202,748
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lenoir County was $202,748 in April 2024, up 6.7% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83K | $20.5K | -75.3% |
2 Bedrooms | $105K | $87K | -17.1% |
3 Bedrooms | $183.9K | $200K | +8.7% |
4 Bedrooms | $247.5K | $249K | +0.6% |
5+ Bedrooms | $363K | $337K | -7.2% |
Summary: Lenoir County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.3%, 2 bedroom homes decreased by 17.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Counties
Craven County | $274.1K | $295.5K | +7.8% |
Lenoir County | $190K | $202.7K | +6.7% |
Pitt County | $255K | $266.2K | +4.4% |
Wayne County | $239.9K | $250K | +4.2% |
Housing Supply in Lenoir County, NC
How many homes are available in Lenoir County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
200 | 205 | +2.5% |
Summary: The Lenoir County real estate market had 205 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 18 | 23 | +27.8% |
3 Bedrooms | 112 | 117 | +4.5% |
4 Bedrooms | 58 | 53 | -8.6% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Lenoir County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 35 | -10.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Lenoir County in April 2024, down by 10.3% month-over-month. Of the 35 sold homes, 54% were sold under asking, 26% were sold at asking, and 20% were sold over asking.
Days on Market for Lenoir County, NC
How long does it take to sell a home in Lenoir County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 74 Days | +27.0% |
Summary: Homes in Lenoir County had an average of 74 days on market in Apr 2024, up by 27% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in Lenoir County; 46% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.