Is Lawndale, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lawndale is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Lawndale was a Buyer's Market.

Key Takeaway

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

Housing Prices in Lawndale, NC

How much do homes in Lawndale, NC cost?

Median Sold Price

$369,700

$198/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$148,700(+67.3%)

Key Takeaway

Homes in Lawndale have sold for 67.3% more than they did a month ago.

Summary: The median home sold price in Lawndale was $369,700 in November 2024, up 67.3% from last month, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $249K-
N/A
2 -$439.5K
N/A
3 $193K$239.9K
+24.3%
4 -$1.7M
N/A
5+ --
N/A

Summary: Lawndale housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 24.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lawndale, NC

How many homes are available in Lawndale, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
15150.0%

Summary: The Lawndale real estate market had 15 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 22
0.0%
3 910
+11.1%
4 22
0.0%
5+ 11
0.0%

Summary: The Lawndale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lawndale, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Lawndale in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Lawndale, NC

How long does it take to sell a home in Lawndale, NC?

Average Sale Time

Oct 2024Nov 2024CHANGE
51 Days84 Days+63.1%

Summary: Homes in Lawndale had an average of 84 days on market in Nov 2024, up by 63.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lawndale are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 4 homes were sold in Lawndale; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 18 Days Ago

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