$6,947 Closing Credit*
$585,000
3,583 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: COMPASS
Is Lake Park, 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 Park has remained a Seller's Market.
Key Takeaway
Lake Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Park, NC
How much do homes in Lake Park, NC cost?
Median Sold Price
$384,750
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,750(+4.0%)
Key Takeaway
Homes in Lake Park have sold for 4% more than they did a year ago.
Summary: The median home sold price in Lake Park was $384,750 in November 2024, up 4% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $286.7K | $290K | +1.2% |
| 3 Bedrooms | $365K | $370K | +1.4% |
| 4 Bedrooms | $415K | $425K | +2.4% |
| 5+ Bedrooms | $500K | $593K | +18.6% |
Summary: Lake Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
| Lake Park | $370K | $384.7K | +4.0% |
| Hemby Bridge | $320.2K | $325K | +1.5% |
| Indian Trail | $424.7K | $425.1K | 0.1% |
| Vance Township | $426.5K | $425K | -0.4% |
Housing Supply in Lake Park, NC
How many homes are available in Lake Park, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Summary: The Lake Park real estate market had 10 homes for sale in November 2024, a 66.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lake Park 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 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lake Park in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Park, NC
How long does it take to sell a home in Lake Park, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 22 Days | +87.5% |
Summary: Homes in Lake Park had an average of 22 days on market in Nov 2024, up by 87.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Lake Park; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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