Is Lillington, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lillington was a Seller's Market.
Key Takeaway
Lillington 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 Lillington, NC
How much do homes in Lillington, NC cost?
Median Sold Price
$335,466
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lillington have sold for 6% more than they did a year ago.
Summary: The median home sold price in Lillington was $335,466 in May 2024, up 6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $99.5K | +42.1% |
| 2 Bedrooms | $160K | $191.7K | +19.8% |
| 3 Bedrooms | $285K | $310K | +8.8% |
| 4 Bedrooms | $359.9K | $367.2K | +2.1% |
| 5+ Bedrooms | $409.9K | $455.5K | +11.1% |
Summary: Lillington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.1%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Lillington | $316.5K | $335.4K | +6.0% |
| Neills Creek Township | $359.9K | $380K | +5.6% |
| Lillington Township | $324.8K | $342.1K | +5.3% |
| Stewarts Creek Township | $295K | $297K | +0.7% |
| Bunnlevel | $295K | $280K | -5.1% |
Housing Supply in Lillington, NC
How many homes are available in Lillington, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 202 | 209 | +3.5% |
Summary: The Lillington real estate market had 209 homes for sale in May 2024, a 3.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 88 | 90 | +2.3% |
| 4 Bedrooms | 100 | 104 | +4.0% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Lillington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 32 | +52.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lillington, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 32 homes were sold or pending in Lillington in May 2024, up by 52.4% month-over-month. Of the 32 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Lillington, NC
How long does it take to sell a home in Lillington, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 110 Days | 55 Days | -49.8% |
Summary: Homes in Lillington had an average of 55 days on market in May 2024, down by 49.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lillington are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Lillington; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.