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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Laurel Hill Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Laurel Hill Township, NC

How much do homes in Laurel Hill Township, NC cost?

Median Sold Price

$106,450

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$23,550(-18.1%)

Key Takeaway

Homes in Laurel Hill Township have sold for 18.1% less than they did a year ago.

Summary: The median home sold price in Laurel Hill Township was $106,450 in October 2024, down 18.1% from last year, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $59.5K$95K
+59.7%
3 $139.5K$140K
0.4%
4 $187.5K$222.5K
+18.7%
5+ -$138K
N/A

Summary: Laurel Hill Township 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 increased by 59.7%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Spring Hill Township
+12.9%
Williamson Township
0.0%
Laurel Hill Township
-18.1%

Housing Supply in Laurel Hill Township, NC

How many homes are available in Laurel Hill Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1110-9.1%

Summary: The Laurel Hill Township real estate market had 10 homes for sale in October 2024, a 9.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 45
+25.0%
4 33
0.0%
5+ 11
0.0%

Summary: The Laurel Hill Township 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 66.7%, 3 bedroom homes increased by 25%, 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

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Laurel Hill Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Laurel Hill Township in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Laurel Hill Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
85 Days19 Days-76.9%

Summary: Homes in Laurel Hill Township had an average of 19 days on market in Oct 2024, down by 76.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Laurel Hill Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in Laurel Hill Township, NC

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What housing markets are near Laurel Hill Township, NC?