$5,581 Closing Credit*
$470,000
2,282 SqFt
3 Beds
•2 Full Baths, 1 Partial
KELLEY DUBOIS, Listing Office: ADCOCK REAL ESTATE SERVICES
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.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.