$29,900
0.54 Acres
Land
#100481461, Listing Office: Collective Realty LLC
Is Laurinburg, 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, Laurinburg was a Seller's Market.
Key Takeaway
Laurinburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Laurinburg, NC
How much do homes in Laurinburg, NC cost?
Median Sold Price
$165,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,000(-2.4%)
Key Takeaway
Homes in Laurinburg have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Laurinburg was $165,000 in November 2024, down 2.4% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $91.2K | $88.7K | -2.7% |
| 3 Bedrooms | $155.9K | $175K | +12.2% |
| 4 Bedrooms | $250K | $281.5K | +12.6% |
| 5+ Bedrooms | $240K | $272K | +13.3% |
Summary: Laurinburg 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 2.7%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
| Laurinburg | $169K | $165K | -2.4% |
| Williamson Township | $155K | $150K | -3.2% |
| Stewartsville Township | $172.5K | $162.5K | -5.8% |
Housing Supply in Laurinburg, NC
How many homes are available in Laurinburg, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 88 | +3.5% |
Summary: The Laurinburg real estate market had 88 homes for sale in November 2024, a 3.5% increase 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 | 17 | 15 | -11.8% |
| 3 Bedrooms | 49 | 52 | +6.1% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Laurinburg 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 11.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 9 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurinburg, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Laurinburg in November 2024, down by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 35 Days | -21.0% |
Summary: Homes in Laurinburg had an average of 35 days on market in Nov 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Laurinburg are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Laurinburg; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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