Is Locke Township, 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, Locke Township was a Seller's Market.
Housing Prices in Locke Township, NC
How much do homes in Locke Township, NC cost?
Median Sold Price
$311,063
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Locke Township was $311,063 in May 2024, up 11.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $85K | N/A |
2 Bedrooms | $190K | $200K | +5.3% |
3 Bedrooms | $264.9K | $304K | +14.7% |
4 Bedrooms | $375K | $440K | +17.3% |
5+ Bedrooms | $490K | $961K | +96.1% |
Summary: Locke Township 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 5.3%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 96.1%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $259K | $302K | +16.6% |
Locke Township | $280K | $311K | +11.1% |
Salisbury Township | $245K | $270.8K | +10.5% |
Salisbury | $250K | $275K | +10.0% |
Litaker Township | $310K | $308.7K | -0.4% |
Housing Supply in Locke Township, NC
How many homes are available in Locke Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 58 | -1.7% |
Summary: The Locke Township real estate market had 58 homes for sale in May 2024, a 1.7% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 37 | 35 | -5.4% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Locke 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 remained the same, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 6 | -68.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Locke Township in May 2024, down by 68.4% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Locke Township, NC
How long does it take to sell a home in Locke Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 28 Days | +26.6% |
Summary: Homes in Locke Township had an average of 28 days on market in May 2024, up by 26.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Locke Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.