$4,144 Closing Credit*
$349,000
1,311 SqFt
2 Beds
•2 Full Baths
Listing Office: Redfin Corporation
Is Laurel Park, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Laurel Park was a Seller's Market.
Key Takeaway
Laurel Park 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 Laurel Park, NC
How much do homes in Laurel Park, NC cost?
Median Sold Price
$507,500
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,900(+6.0%)
Key Takeaway
Homes in Laurel Park have sold for 6% more than they did a year ago.
Summary: The median home sold price in Laurel Park was $507,500 in November 2024, up 6% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $521.6K | - | N/A |
| 2 Bedrooms | $453K | $415K | -8.4% |
| 3 Bedrooms | $477.8K | $535K | +12.0% |
| 4 Bedrooms | $519.4K | $526K | +1.3% |
| 5+ Bedrooms | $538K | $506.5K | -5.8% |
Summary: Laurel 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 decreased by 8.4%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Crab Creek Township | $490.2K | $561.2K | +14.5% |
| Laurel Park | $478.6K | $507.5K | +6.0% |
| Hendersonville Township | $425.2K | $445.1K | +4.7% |
| Hendersonville | $425K | $442.4K | +4.1% |
Housing Supply in Laurel Park, NC
How many homes are available in Laurel Park, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The Laurel Park real estate market had 20 homes for sale in November 2024, a 13.0% decrease 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 | 11 | 8 | -27.3% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Laurel 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 decreased by 27.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Laurel Park in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Laurel Park, NC
How long does it take to sell a home in Laurel Park, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 114 Days | +309.8% |
Summary: Homes in Laurel Park had an average of 114 days on market in Nov 2024, up by 309.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Laurel Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Laurel Park; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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