Is Landfall, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Landfall is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Landfall has remained a Seller's Market.

Key Takeaway

Landfall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Landfall, NC

How much do homes in Landfall, NC cost?

Median Sold Price

$1,150,000

$363/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,500(+1.1%)

Key Takeaway

Homes in Landfall have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Landfall was $1,150,000 in October 2024, up 1.1% from last year, and the median price per square foot was $363.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $649K$560K
-13.7%
3 $925K$895K
-3.2%
4 $1.1M$1.2M
+7.5%
5+ $1.4M$1.5M
+8.5%

Summary: Landfall housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.7%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 8.5%.

Housing Supply in Landfall, NC

How many homes are available in Landfall, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5657+1.8%

Summary: The Landfall real estate market had 57 homes for sale in October 2024, a 1.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1719
+11.8%
4 2828
0.0%
5+ 98
-11.1%

Summary: The Landfall housing inventory by bedroom type for October 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 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Landfall, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in Landfall in October 2024, up by 20.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 75% were sold at asking, and 8% were sold over asking.

Days on Market for Landfall, NC

How long does it take to sell a home in Landfall, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days49 Days+84.0%

Summary: Homes in Landfall had an average of 49 days on market in Oct 2024, up by 84% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Landfall are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in Landfall; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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