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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leland is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Leland was a Seller's Market.

Key Takeaway

Leland 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 Leland, NC

How much do homes in Leland, NC cost?

Median Sold Price

$399,540

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,817(+5.8%)

Key Takeaway

Homes in Leland have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Leland was $399,540 in November 2024, up 5.8% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $295K$265K
-10.2%
3 $349.9K$363.5K
+3.9%
4 $431K$470.6K
+9.2%
5+ $453.3K$475K
+4.8%

Summary: Leland 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 10.2%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Cities

Belville
+5.9%
Leland
+5.8%
Town Creek Township
+2.7%
Northwest Township
-0.2%

Housing Supply in Leland, NC

How many homes are available in Leland, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
443413-6.8%

Summary: The Leland real estate market had 413 homes for sale in November 2024, a 6.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2626
0.0%
3 242219
-9.5%
4 150144
-4.0%
5+ 2524
-4.0%

Summary: The Leland 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 remained the same, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7964-19.0%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leland, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 64 homes were sold or pending in Leland in November 2024, down by 19.0% month-over-month. Of the 64 sold homes, 63% were sold under asking, 23% were sold at asking, and 14% were sold over asking.

Days on Market for Leland, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
47 Days61 Days+30.3%

Summary: Homes in Leland had an average of 61 days on market in Nov 2024, up by 30.3% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Leland are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 64 homes were sold in Leland; 53% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 28% 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 17 Days Ago

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