$3,907 Closing Credit*
$329,000
1,708 SqFt
2 Beds
•1 Full Bath
Listing Office: Walker Real Estate Services LLC
Is Lenoir, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lenoir was a Seller's Market.
Key Takeaway
Lenoir is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lenoir, NC
How much do homes in Lenoir, NC cost?
Median Sold Price
$248,799
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,212(+12.8%)
Key Takeaway
Homes in Lenoir have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Lenoir was $248,799 in November 2024, up 12.8% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.4K | $123K | -5.0% |
| 2 Bedrooms | $165K | $185K | +12.1% |
| 3 Bedrooms | $225K | $248.6K | +10.5% |
| 4 Bedrooms | $280.9K | $302.8K | +7.8% |
| 5+ Bedrooms | $360K | $375K | +4.2% |
Summary: Lenoir housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Lenoir Township | $218.5K | $247.1K | +13.1% |
| Lenoir | $220.5K | $248.7K | +12.8% |
| Hudson Township | $247K | $262K | +6.1% |
| Lower Creek Township | $273K | $269.9K | -1.1% |
Housing Supply in Lenoir, NC
How many homes are available in Lenoir, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 167 | 176 | +5.4% |
Summary: The Lenoir real estate market had 176 homes for sale in November 2024, a 5.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 31 | 35 | +12.9% |
| 3 Bedrooms | 103 | 105 | +1.9% |
| 4 Bedrooms | 26 | 28 | +7.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lenoir housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 22 | -33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lenoir, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Lenoir in November 2024, down by 33.3% month-over-month. Of the 22 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Lenoir, NC
How long does it take to sell a home in Lenoir, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 30 Days | -22.6% |
Summary: Homes in Lenoir had an average of 30 days on market in Nov 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lenoir are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Lenoir; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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