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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lillington Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Lillington Township was a Buyer's Market.

Key Takeaway

Lillington Township 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 Lillington Township, NC

How much do homes in Lillington Township, NC cost?

Median Sold Price

$350,817

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,067(+6.4%)

Key Takeaway

Homes in Lillington Township have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Lillington Township was $350,817 in November 2024, up 6.4% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $99.5K$70K
-29.6%
2 $177.5K$206.7K
+16.5%
3 $290.5K$314.8K
+8.4%
4 $372.5K$382.5K
+2.7%
5+ $448K$466K
+4.0%

Summary: Lillington Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.6%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 4%.

Median Sold Price Compared To Nearby Cities

Lillington
+7.5%
Lillington Township
+6.4%
Neills Creek Township
+5.3%
Stewarts Creek Township
-1.9%
Bunnlevel
-2.5%

Housing Supply in Lillington Township, NC

How many homes are available in Lillington Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
192183-4.7%

Summary: The Lillington Township real estate market had 183 homes for sale in November 2024, a 4.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 02
+100.0%
3 9086
-4.4%
4 8982
-7.9%
5+ 1312
-7.7%

Summary: The Lillington Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3227-15.6%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lillington Township, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Lillington Township in November 2024, down by 15.6% month-over-month. Of the 27 sold homes, 52% were sold under asking, 26% were sold at asking, and 22% were sold over asking.

Days on Market for Lillington Township, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
71 Days97 Days+35.1%

Summary: Homes in Lillington Township had an average of 97 days on market in Nov 2024, up by 35.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lillington Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 27 homes were sold in Lillington Township; 22% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 59% 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 17 Days Ago

Newest Listings in Lillington Township, NC

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