Is Mc Leansville, 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, Mc Leansville has remained a Seller's Market.
Key Takeaway
Mc Leansville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mc Leansville, NC
How much do homes in Mc Leansville, NC cost?
Median Sold Price
$305,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mc Leansville have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Mc Leansville was $305,000 in May 2024, up 4.3% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $149.9K | $202.5K | +35.0% |
| 3 Bedrooms | $267K | $285K | +6.7% |
| 4 Bedrooms | $323.6K | $319.9K | -1.2% |
| 5+ Bedrooms | $330K | $342.1K | +3.7% |
Summary: Mc Leansville 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 35%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Madison Township | $259.9K | $277K | +6.6% |
| Gilmer Township | $205.2K | $214.9K | +4.8% |
| Mc Leansville | $292.5K | $305K | +4.3% |
| Monroe Township | $375K | $382.8K | +2.1% |
| Jefferson Township | $267K | $270K | +1.1% |
Housing Supply in Mc Leansville, NC
How many homes are available in Mc Leansville, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 46 | +9.5% |
Summary: The Mc Leansville real estate market had 46 homes for sale in May 2024, a 9.5% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Mc Leansville 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 decreased by 100%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mc Leansville, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Mc Leansville in May 2024, up by 30.8% month-over-month. Of the 17 sold homes, 53% were sold under asking, 18% were sold at asking, and 29% were sold over asking.
Days on Market for Mc Leansville, NC
How long does it take to sell a home in Mc Leansville, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 26 Days | -14.5% |
Summary: Homes in Mc Leansville had an average of 26 days on market in May 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mc Leansville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Mc Leansville; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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