Is Laurel Park, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Laurel Park was a Neutral Market.
Housing Prices in Laurel Park, NC
How much do homes in Laurel Park, NC cost?
Median Sold Price
$494,502
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Laurel Park was $494,502 in May 2024, up 7.5% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $521.6K | N/A |
2 Bedrooms | $360K | $446.1K | +23.9% |
3 Bedrooms | $478K | $487K | +1.9% |
4 Bedrooms | $731.2K | $524.5K | -28.3% |
5+ Bedrooms | $1.0M | $504.6K | -51.9% |
Summary: Laurel Park 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 increased by 23.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 28.3%, and 5+ bedroom homes decreased by 51.9%.
Median Sold Price Compared To Nearby Cities
Hendersonville | $379.9K | $441.6K | +16.2% |
Hendersonville Township | $413.3K | $444.6K | +7.6% |
Laurel Park | $460K | $494.5K | +7.5% |
Crab Creek Township | $476.5K | $492.2K | +3.3% |
Housing Supply in Laurel Park, NC
How many homes are available in Laurel Park, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 52 | -3.7% |
Summary: The Laurel Park real estate market had 52 homes for sale in May 2024, a 3.7% 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 | 12 | 13 | +8.3% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 20 | 18 | -10.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Laurel Park 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 increased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Laurel Park in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 32 Days | -39.2% |
Summary: Homes in Laurel Park had an average of 32 days on market in May 2024, down by 39.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Laurel Park; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.