Is Lenoir 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, Lenoir County has remained a Seller's Market.
Housing Prices in Lenoir County, NC
How much do homes in Lenoir County, NC cost?
Median Sold Price
$202,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lenoir County was $202,000 in May 2024, up 3.8% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83K | $20.5K | -75.3% |
2 Bedrooms | $106K | $86K | -18.9% |
3 Bedrooms | $188.5K | $196K | +4.0% |
4 Bedrooms | $250K | $253.5K | +1.4% |
5+ Bedrooms | $363K | $309K | -14.9% |
Summary: Lenoir County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.3%, 2 bedroom homes decreased by 18.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Counties
Greene County | $172.5K | $203K | +17.7% |
Craven County | $278.7K | $296.4K | +6.3% |
Lenoir County | $194.6K | $202K | +3.8% |
Wayne County | $241K | $250K | +3.7% |
Pitt County | $259.9K | $266K | +2.3% |
Housing Supply in Lenoir County, NC
How many homes are available in Lenoir County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
219 | 223 | +1.8% |
Summary: The Lenoir County real estate market had 223 homes for sale in May 2024, a 1.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 25 | 25 | 0.0% |
3 Bedrooms | 126 | 132 | +4.8% |
4 Bedrooms | 56 | 52 | -7.1% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Lenoir County 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 increased by 4.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 51 | +37.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Lenoir County in May 2024, up by 37.8% month-over-month. Of the 51 sold homes, 35% were sold under asking, 39% were sold at asking, and 25% were sold over asking.
Days on Market for Lenoir County, NC
How long does it take to sell a home in Lenoir County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 48 Days | -8.1% |
Summary: Homes in Lenoir County had an average of 48 days on market in May 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 51 homes were sold in Lenoir County; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.