Is Lenoir County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lenoir County is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Lenoir 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 Lenoir County, NC

How much do homes in Lenoir County, NC cost?

Median Sold Price

$208,729

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,729(+4.4%)

Key Takeaway

Homes in Lenoir County have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Lenoir County was $208,729 in October 2024, up 4.4% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$107K
N/A
2 $114.5K$79.9K
-30.1%
3 $194.7K$201.5K
+3.5%
4 $249.6K$255.6K
+2.4%
5+ $363K$320K
-11.9%

Summary: Lenoir County 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 30.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 11.9%.

Median Sold Price Compared To Nearby Counties

Lenoir County
+4.4%
Wayne County
+4.0%
Craven County
+3.0%
Pitt County
+1.0%

Housing Supply in Lenoir County, NC

How many homes are available in Lenoir County, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
230221-3.9%

Summary: The Lenoir County real estate market had 221 homes for sale in October 2024, a 3.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2527
+8.0%
3 157148
-5.7%
4 3936
-7.7%
5+ 910
+11.1%

Summary: The Lenoir 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 increased by 8%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5132-37.3%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lenoir County, 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 County in October 2024, down by 37.3% month-over-month. Of the 32 sold homes, 66% were sold under asking, 28% were sold at asking, and 6% were sold over asking.

Days on Market for Lenoir County, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days62 Days+56.2%

Summary: Homes in Lenoir County had an average of 62 days on market in Oct 2024, up by 56.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 32 homes were sold in Lenoir County; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% 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 20 Days Ago

Newest Listings in Lenoir County, NC

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What housing markets are near Lenoir County, NC?