Is Landis, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Landis has remained a Seller's Market.
Key Takeaway
Landis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Landis, NC
How much do homes in Landis, NC cost?
Median Sold Price
$298,900
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Landis have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Landis was $298,900 in May 2024, up 8.6% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $149.9K | N/A |
| 2 Bedrooms | $184.9K | $232.5K | +25.7% |
| 3 Bedrooms | $287.5K | $307.5K | +7.0% |
| 4 Bedrooms | $352.5K | $460.5K | +30.6% |
| 5+ Bedrooms | $592.5K | $385K | -35.0% |
Summary: Landis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes decreased by 35%.
Median Sold Price Compared To Nearby Cities
| Atwell Township | $300K | $340K | +13.3% |
| Landis | $275.1K | $298.9K | +8.6% |
| China Grove | $271K | $290K | +7.0% |
| Kannapolis | $285.3K | $297.6K | +4.3% |
| China Grove Township | $274.9K | $280.3K | +2.0% |
Housing Supply in Landis, NC
How many homes are available in Landis, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The Landis real estate market had 22 homes for sale in May 2024, a 4.3% decrease 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 | 7 | 4 | -42.9% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Landis 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 decreased by 42.9%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Landis, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Landis in May 2024, down by 30.0% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Landis, NC
How long does it take to sell a home in Landis, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 40 Days | +76.4% |
Summary: Homes in Landis had an average of 40 days on market in May 2024, up by 76.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Landis are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Landis; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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