$10,000 Closing Credit*
$949,000
2,728 SqFt
3 Beds
•3 Full Baths
Listing Office: Team Cleary Real Estate Inc
Is Lake Lure, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lake Lure has remained a Buyer'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
$542,500
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$102,500(+23.3%)
Key Takeaway
Homes in Lake Lure have sold for 23.3% more than they did a year ago.
Summary: The median home sold price in Lake Lure was $542,500 in November 2024, up 23.3% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148.5K | $150K | +1.0% |
| 2 Bedrooms | $380K | $408.5K | +7.5% |
| 3 Bedrooms | $550K | $581K | +5.6% |
| 4 Bedrooms | $965K | $875K | -9.3% |
| 5+ Bedrooms | - | $1.4M | N/A |
Summary: Lake Lure housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lake Lure | $440K | $542.5K | +23.3% |
| Chimney Rock Township | $445K | $541.2K | +21.6% |
Housing Supply in Lake Lure, NC
How many homes are available in Lake Lure, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 101 | +7.4% |
Summary: The Lake Lure real estate market had 101 homes for sale in November 2024, a 7.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 23 | 25 | +8.7% |
| 3 Bedrooms | 38 | 39 | +2.6% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lake Lure housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
5 Homes Were 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 5 homes were sold or pending in Lake Lure in November 2024, up by 400.0% month-over-month. Of the 5 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 157 Days | +320.5% |
Summary: Homes in Lake Lure had an average of 157 days on market in Nov 2024, up by 320.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were 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 November 2024, 5 homes were sold in Lake Lure; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 80% of homes were sold over 90 days.
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