$3,503 Closing Credit*
$294,999
1,340 SqFt
3 Beds
•2 Full Baths
Listing Office: Mossy Oak Properties Land and Luxury
Is Linwood, 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, Linwood has remained a Seller's Market.
Key Takeaway
Linwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Linwood, NC
How much do homes in Linwood, NC cost?
Median Sold Price
$275,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+7.8%)
Key Takeaway
Homes in Linwood have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Linwood was $275,000 in October 2024, up 7.8% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141.5K | - | N/A |
| 2 Bedrooms | $139K | $201K | +44.6% |
| 3 Bedrooms | $265K | $279.9K | +5.7% |
| 4 Bedrooms | $269.9K | $280.9K | +4.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Linwood 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 increased by 44.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Boone Township | $279.9K | $312.5K | +11.6% |
| Franklin Township | $276.9K | $304.1K | +9.8% |
| Linwood | $255K | $275K | +7.8% |
| Tyro Township | $283.4K | $305.5K | +7.8% |
| Spencer | $235K | $234.9K | 0% |
Housing Supply in Linwood, NC
How many homes are available in Linwood, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Summary: The Linwood real estate market had 13 homes for sale in October 2024, a 62.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 9 | +125.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Linwood 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 remained the same, 3 bedroom homes increased by 125%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Linwood, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Linwood in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Linwood, NC
How long does it take to sell a home in Linwood, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 115 Days | +155.1% |
Summary: Homes in Linwood had an average of 115 days on market in Oct 2024, up by 155.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Linwood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Linwood; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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