$5,403 Closing Credit*
$455,000
2,240 SqFt
3 Beds
•2 Full Baths
Donna Jean O'Neill, Listing Office: Keller Williams Legacy
Is Lee County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lee County was a Seller's Market.
Key Takeaway
Lee County 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 Lee County, NC
How much do homes in Lee County, NC cost?
Median Sold Price
$323,345
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,387(+5.3%)
Key Takeaway
Homes in Lee County have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Lee County was $323,345 in October 2024, up 5.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $198K | -1.0% |
| 2 Bedrooms | $225K | $227K | +0.9% |
| 3 Bedrooms | $295K | $312.1K | +5.8% |
| 4 Bedrooms | $365K | $350.7K | -3.9% |
| 5+ Bedrooms | $450K | $479.9K | +6.6% |
Summary: Lee County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Counties
| Moore County | $429.8K | $459.3K | +6.8% |
| Lee County | $306.9K | $323.3K | +5.3% |
| Harnett County | $310K | $323.9K | +4.5% |
| Chatham County | $536.6K | $536.3K | -0.1% |
Housing Supply in Lee County, NC
How many homes are available in Lee County, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 497 | 514 | +3.4% |
Summary: The Lee County real estate market had 514 homes for sale in October 2024, a 3.4% 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 | 23 | 20 | -13.0% |
| 3 Bedrooms | 304 | 329 | +8.2% |
| 4 Bedrooms | 139 | 135 | -2.9% |
| 5+ Bedrooms | 31 | 30 | -3.2% |
Summary: The Lee County 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 decreased by 13%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 3.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 80 | -14.0% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lee County, expect to pay close to the asking price. 51.3% of homes here sold near the asking price last month.
Summary: A total of 80 homes were sold or pending in Lee County in October 2024, down by 14.0% month-over-month. Of the 80 sold homes, 40% were sold under asking, 51% were sold at asking, and 9% were sold over asking.
Days on Market for Lee County, NC
How long does it take to sell a home in Lee County, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 71 Days | +24.5% |
Summary: Homes in Lee County had an average of 71 days on market in Oct 2024, up by 24.5% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lee County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 80 homes were sold in Lee County; 41% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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