$25,000
1.44 Acres
Land
DEBORAH PARKER, Listing Office: DEBORAH PARKER REALTY, INC.
Is Laurinburg, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Laurinburg has remained a Seller's Market.
Key Takeaway
Laurinburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Laurinburg, NC
How much do homes in Laurinburg, NC cost?
Median Sold Price
$160,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,000(-5.3%)
Key Takeaway
Homes in Laurinburg have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Laurinburg was $160,000 in October 2024, down 5.3% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $89.9K | $93K | +3.3% |
| 3 Bedrooms | $155K | $172.7K | +11.5% |
| 4 Bedrooms | $250K | $272K | +8.8% |
| 5+ Bedrooms | $240K | $272K | +13.3% |
Summary: Laurinburg 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 3.3%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
| Williamson Township | $155K | $155K | 0.0% |
| Laurinburg | $169K | $160K | -5.3% |
| Stewartsville Township | $172.5K | $158K | -8.4% |
Housing Supply in Laurinburg, NC
How many homes are available in Laurinburg, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 87 | +7.4% |
Summary: The Laurinburg real estate market had 87 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 52 | 51 | -1.9% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Laurinburg 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 increased by 28.6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurinburg, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Laurinburg in October 2024, up by 21.4% month-over-month. Of the 17 sold homes, 65% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Laurinburg, NC
How long does it take to sell a home in Laurinburg, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 46 Days | +50.1% |
Summary: Homes in Laurinburg had an average of 46 days on market in Oct 2024, up by 50.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laurinburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Laurinburg; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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