Is Lee County, 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, Lee County has remained a Seller's Market.
Housing Prices in Lee County, NC
How much do homes in Lee County, NC cost?
Median Sold Price
$315,017
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lee County was $315,017 in May 2024, up 4.9% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $198K | -2.2% |
2 Bedrooms | $202.5K | $225K | +11.1% |
3 Bedrooms | $290K | $300K | +3.4% |
4 Bedrooms | $360K | $359.9K | 0% |
5+ Bedrooms | $435K | $485K | +11.5% |
Summary: Lee County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Counties
Moore County | $420.3K | $449.4K | +6.9% |
Chatham County | $520K | $546.8K | +5.2% |
Lee County | $300.3K | $315K | +4.9% |
Harnett County | $305.3K | $313.7K | +2.8% |
Housing Supply in Lee County, NC
How many homes are available in Lee County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
493 | 511 | +3.7% |
Summary: The Lee County real estate market had 511 homes for sale in May 2024, a 3.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 300 | 321 | +7.0% |
4 Bedrooms | 144 | 140 | -2.8% |
5+ Bedrooms | 33 | 32 | -3.0% |
Summary: The Lee County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 115 | +64.3% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 115 homes were sold or pending in Lee County in May 2024, up by 64.3% month-over-month. Of the 115 sold homes, 40% were sold under asking, 36% were sold at asking, and 24% were sold over asking.
Days on Market for Lee County, NC
How long does it take to sell a home in Lee County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
65 Days | 28 Days | -56.5% |
Summary: Homes in Lee County had an average of 28 days on market in May 2024, down by 56.5% compared to last year.
Breakdown of Home Sale Times
82 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During May 2024, 115 homes were sold in Lee County; 71% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.