Is Laurel Hill, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Laurel Hill is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Laurel Hill has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Laurel Hill, NC

How much do homes in Laurel Hill, NC cost?

Median Sold Price

$130,000

$85/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$40,000(+44.4%)

Key Takeaway

Homes in Laurel Hill have sold for 44.4% more than they did a month ago.

Summary: The median home sold price in Laurel Hill was $130,000 in October 2024, up 44.4% from last month, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $90K-
N/A
3 $89.5K$130K
+45.3%
4 -$80K
N/A
5+ -$138K
N/A

Summary: Laurel Hill housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 45.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Laurel Hill
+44.4%
Marks Creek Township
+4.0%

Housing Supply in Laurel Hill, NC

How many homes are available in Laurel Hill, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
107-30.0%

Summary: The Laurel Hill real estate market had 7 homes for sale in October 2024, a 30.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 30
-100.0%
3 33
0.0%
4 33
0.0%
5+ 11
0.0%

Summary: The Laurel Hill 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Laurel Hill, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Laurel Hill in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Laurel Hill, NC

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

Average Sale Time

Sep 2024Oct 2024CHANGE
54 Days70 Days+29.1%

Summary: Homes in Laurel Hill had an average of 70 days on market in Oct 2024, up by 29.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Laurel Hill; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

Newest Listings in Laurel Hill, NC

Nearby Markets to Laurel Hill, NC

What housing markets are near Laurel Hill, NC?