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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leland is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Leland has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Leland, NC

How much do homes in Leland, NC cost?

Median Sold Price

$399,088

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,466(+6.2%)

Key Takeaway

Homes in Leland have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Leland was $399,088 in October 2024, up 6.2% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $297.4K$273K
-8.2%
3 $354.9K$362.3K
+2.1%
4 $421.5K$470.5K
+11.6%
5+ $453.3K$464.5K
+2.5%

Summary: Leland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Cities

Belville
+7.7%
Leland
+6.2%
Town Creek Township
+3.0%
Northwest Township
-3.1%

Housing Supply in Leland, NC

How many homes are available in Leland, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
410443+8.0%

Summary: The Leland real estate market had 443 homes for sale in October 2024, a 8.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2326
+13.0%
3 231239
+3.5%
4 132153
+15.9%
5+ 2425
+4.2%

Summary: The Leland 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 increased by 13%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 4.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6577+18.5%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

8 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. 62.3% of homes here sold below asking price last month.

Summary: A total of 77 homes were sold or pending in Leland in October 2024, up by 18.5% month-over-month. Of the 77 sold homes, 62% were sold under asking, 27% were sold at asking, and 10% 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

Oct 2023Oct 2024CHANGE
50 Days48 Days-3.7%

Summary: Homes in Leland had an average of 48 days on market in Oct 2024, down by 3.7% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

14 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 October 2024, 77 homes were sold in Leland; 43% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 18% 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 16 Days Ago

Newest Listings in Leland, NC

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