$167,500
Land
Listing Office: Listwithfreedom.com Inc
Is Litaker Township, 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, Litaker Township has remained a Seller's Market.
Key Takeaway
Litaker Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Litaker Township, NC
How much do homes in Litaker Township, NC cost?
Median Sold Price
$325,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,000(+9.8%)
Key Takeaway
Homes in Litaker Township have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Litaker Township was $325,000 in October 2024, up 9.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299.9K | $340K | +13.4% |
| 3 Bedrooms | $280K | $320K | +14.3% |
| 4 Bedrooms | $299.4K | $414.9K | +38.5% |
| 5+ Bedrooms | $452.5K | $615K | +35.9% |
Summary: Litaker Township 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 13.4%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 35.9%.
Median Sold Price Compared To Nearby Cities
| Litaker Township | $296K | $325K | +9.8% |
| China Grove Township | $277.9K | $285.6K | +2.8% |
| Gold Hill Township | $280K | $280K | 0.0% |
| Granite Quarry | $301K | $300K | -0.3% |
Housing Supply in Litaker Township, NC
How many homes are available in Litaker Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 46 | +4.5% |
Summary: The Litaker Township real estate market had 46 homes for sale in October 2024, a 4.5% 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 | 9 | 8 | -11.1% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Litaker Township 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 decreased by 11.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Litaker Township, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Litaker Township in October 2024, up by 33.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 42% were sold at asking, and 0% were sold over asking.
Days on Market for Litaker Township, NC
How long does it take to sell a home in Litaker Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 50 Days | -19.3% |
Summary: Homes in Litaker Township had an average of 50 days on market in Oct 2024, down by 19.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Litaker Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Litaker Township; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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