Is Lexington Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lexington Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Lexington Township, NC

How much do homes in Lexington Township, NC cost?

Median Sold Price

$281,660

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$38(0.0%)

Key Takeaway

The sold price of homes in Lexington Township has remained the same since last year.

Summary: The median home sold price in Lexington Township was $281,660 in September 2024, the same as last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $143.5K$95K
-33.8%
2 $175K$200K
+14.3%
3 $260.1K$269.9K
+3.8%
4 $310K$315.9K
+1.9%
5+ $350.3K$375.7K
+7.3%

Summary: Lexington Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.8%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 7.3%.

Median Sold Price Compared To Nearby Cities

Reedy Creek Township
+29.7%
Thomasville Township
+7.8%
Lexington Township
0.0%
Lexington
0.0%
Conrad Hill Township
-5.1%

Housing Supply in Lexington Township, NC

How many homes are available in Lexington Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
477472-1.0%

Summary: The Lexington Township real estate market had 472 homes for sale in September 2024, a 1.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 45
+25.0%
2 6664
-3.0%
3 229232
+1.3%
4 169160
-5.3%
5+ 911
+22.2%

Summary: The Lexington Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
98113+15.3%

Asking Price vs. Sold Price

63 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lexington Township, you may be able to get a good deal. 55.8% of homes here sold below asking price last month.

Summary: A total of 113 homes were sold or pending in Lexington Township in September 2024, up by 15.3% month-over-month. Of the 113 sold homes, 56% were sold under asking, 31% were sold at asking, and 13% were sold over asking.

Days on Market for Lexington Township, NC

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

Average Sale Time

Sep 2023Sep 2024CHANGE
36 Days48 Days+32.3%

Summary: Homes in Lexington Township had an average of 48 days on market in Sep 2024, up by 32.3% compared to last year.

Breakdown of Home Sale Times

56 Homes Were Sold
Under 30 Days

36 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 113 homes were sold in Lexington Township; 50% of homes were sold within 30 days, 32% 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 30 Days Ago

Newest Listings in Lexington Township, NC

Nearby Markets to Lexington Township, NC

What housing markets are near Lexington Township, NC?