Is Lincolnton Township, 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, Lincolnton Township has remained a Seller's Market.
Key Takeaway
Lincolnton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lincolnton Township, NC
How much do homes in Lincolnton Township, NC cost?
Median Sold Price
$300,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lincolnton Township have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Lincolnton Township was $300,000 in May 2024, up 14.3% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $138K | +97.1% |
| 2 Bedrooms | $149.9K | $201K | +34.0% |
| 3 Bedrooms | $269.9K | $301K | +11.5% |
| 4 Bedrooms | $379K | $367.5K | -3.0% |
| 5+ Bedrooms | $430K | $328.5K | -23.6% |
Summary: Lincolnton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.1%, 2 bedroom homes increased by 34%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 23.6%.
Median Sold Price Compared To Nearby Cities
| Lincolnton Township | $262.5K | $300K | +14.3% |
| Lincolnton | $268.7K | $300.1K | +11.7% |
| Ironton Township | $330K | $340K | +3.0% |
| Maiden | $269.9K | $255K | -5.5% |
| Howards Creek Township | $306.9K | $275.2K | -10.4% |
Housing Supply in Lincolnton Township, NC
How many homes are available in Lincolnton Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 147 | 157 | +6.8% |
Summary: The Lincolnton Township real estate market had 157 homes for sale in May 2024, a 6.8% 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 | 17 | 19 | +11.8% |
| 3 Bedrooms | 109 | 114 | +4.6% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Lincolnton Township 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 increased by 11.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 33 | +10.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lincolnton Township, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Lincolnton Township in May 2024, up by 10.0% month-over-month. Of the 33 sold homes, 55% were sold under asking, 15% were sold at asking, and 30% were sold over asking.
Days on Market for Lincolnton Township, NC
How long does it take to sell a home in Lincolnton Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 38 Days | -5.3% |
Summary: Homes in Lincolnton Township had an average of 38 days on market in May 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lincolnton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 33 homes were sold in Lincolnton Township; 55% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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