$175,000
Land
Listing Office: Gardner Group Realty
Is Lake Lure, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lake Lure was a Seller's Market.
Key Takeaway
Lake Lure is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Lure, NC
How much do homes in Lake Lure, NC cost?
Median Sold Price
$515,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$75,000(+17.0%)
Key Takeaway
Homes in Lake Lure have sold for 17% more than they did a year ago.
Summary: The median home sold price in Lake Lure was $515,000 in October 2024, up 17% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146K | $150K | +2.7% |
| 2 Bedrooms | $380K | $410K | +7.9% |
| 3 Bedrooms | $561.1K | $557.5K | -0.6% |
| 4 Bedrooms | $982.5K | $957.5K | -2.5% |
| 5+ Bedrooms | - | $1.4M | N/A |
Summary: Lake Lure housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 7.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mill Spring | $462.5K | $680K | +47.0% |
| Chimney Rock Township | $440K | $540K | +22.7% |
| Lake Lure | $440K | $515K | +17.0% |
Housing Supply in Lake Lure, NC
How many homes are available in Lake Lure, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 107 | -3.6% |
Summary: The Lake Lure real estate market had 107 homes for sale in October 2024, a 3.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 10 | -9.1% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 47 | 47 | 0.0% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Lake Lure housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 1 | -90.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Lure, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Lake Lure in October 2024, down by 90.9% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Lure, NC
How long does it take to sell a home in Lake Lure, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 110 Days | +49.7% |
Summary: Homes in Lake Lure had an average of 110 days on market in Oct 2024, up by 49.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Lake Lure are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Lake Lure; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.