Is McLauchlin 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, McLauchlin Township has remained a Seller's Market.
Key Takeaway
McLauchlin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McLauchlin Township, NC
How much do homes in McLauchlin Township, NC cost?
Median Sold Price
$280,298
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in McLauchlin Township have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in McLauchlin Township was $280,298 in May 2024, up 2.3% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189K | $202.5K | +7.1% |
| 3 Bedrooms | $247.1K | $263.2K | +6.5% |
| 4 Bedrooms | $328.9K | $335K | +1.9% |
| 5+ Bedrooms | $391.5K | $390K | -0.4% |
Summary: McLauchlin 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 7.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Seventy-First Township | $194.9K | $214K | +9.8% |
| Rockfish Township | $235K | $250.4K | +6.6% |
| Stonewall Township | $265K | $271.5K | +2.5% |
| McLauchlin Township | $274K | $280.2K | +2.3% |
| Raeford Township | $274.3K | $280K | +2.1% |
Housing Supply in McLauchlin Township, NC
How many homes are available in McLauchlin Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 183 | 178 | -2.7% |
Summary: The McLauchlin Township real estate market had 178 homes for sale in May 2024, a 2.7% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 110 | 109 | -0.9% |
| 4 Bedrooms | 55 | 51 | -7.3% |
| 5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The McLauchlin 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 100%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 66 | +69.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McLauchlin Township, expect to pay close to the asking price. 42.4% of homes here sold near the asking price last month.
Summary: A total of 66 homes were sold or pending in McLauchlin Township in May 2024, up by 69.2% month-over-month. Of the 66 sold homes, 39% were sold under asking, 42% were sold at asking, and 18% were sold over asking.
Days on Market for McLauchlin Township, NC
How long does it take to sell a home in McLauchlin Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 32 Days | -48.2% |
Summary: Homes in McLauchlin Township had an average of 32 days on market in May 2024, down by 48.2% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McLauchlin Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 66 homes were sold in McLauchlin Township; 85% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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