Is Lanes Creek Township, 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, Lanes Creek Township has remained a Neutral Market.
Key Takeaway
Lanes Creek Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lanes Creek Township, NC
How much do homes in Lanes Creek Township, NC cost?
Median Sold Price
$380,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lanes Creek Township have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Lanes Creek Township was $380,000 in May 2024, up 5.6% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $285.8K | $240K | -16.0% |
| 3 Bedrooms | $235K | $355.5K | +51.3% |
| 4 Bedrooms | $399.9K | $397.5K | -0.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lanes Creek Township 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 decreased by 16%, 3 bedroom homes increased by 51.3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Marshville Township | $290K | $349.9K | +20.7% |
| Lanes Creek Township | $359.9K | $380K | +5.6% |
| Buford Township | $375.1K | $391.5K | +4.4% |
Housing Supply in Lanes Creek Township, NC
How many homes are available in Lanes Creek Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Lanes Creek Township real estate market had 14 homes for sale in May 2024, a 12.5% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lanes Creek Township 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 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lanes Creek Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Lanes Creek Township in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lanes Creek Township, NC
How long does it take to sell a home in Lanes Creek Township, NC?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lanes Creek Township has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Lanes Creek Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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