$1,068 Closing Credit*
$89,900
2 Beds
•1 Full Bath
Listing Office: All About You Realty-Blue Ridge LLC
Is Lenoir, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lenoir has remained a Seller's Market.
Key Takeaway
Lenoir is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lenoir, NC
How much do homes in Lenoir, NC cost?
Median Sold Price
$248,198
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,198(+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 $248,198 in October 2024, up 12.8% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.4K | $135K | +4.3% |
| 2 Bedrooms | $165K | $181.5K | +10.0% |
| 3 Bedrooms | $220K | $247.4K | +12.5% |
| 4 Bedrooms | $287.4K | $298.6K | +3.9% |
| 5+ Bedrooms | $360K | $375K | +4.2% |
Summary: Lenoir housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Lenoir Township | $214.9K | $246.9K | +14.9% |
| Lenoir | $220K | $248.1K | +12.8% |
| Hudson Township | $249.9K | $254.9K | +2.0% |
| Cajah's Mountain | $249.9K | $244.9K | -2.0% |
| Lower Creek Township | $276K | $265K | -4.0% |
Housing Supply in Lenoir, NC
How many homes are available in Lenoir, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 170 | 180 | +5.9% |
Summary: The Lenoir real estate market had 180 homes for sale in October 2024, a 5.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 30 | 33 | +10.0% |
| 3 Bedrooms | 100 | 110 | +10.0% |
| 4 Bedrooms | 27 | 25 | -7.4% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Lenoir 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 10%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lenoir, you may be able to get a good deal. 65.6% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Lenoir in October 2024, the same as the previous month. Of the 32 sold homes, 66% were sold under asking, 25% were sold at asking, and 9% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 41 Days | +55.7% |
Summary: Homes in Lenoir had an average of 41 days on market in Oct 2024, up by 55.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lenoir are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in Lenoir; 53% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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