$7,505 Closing Credit*
$632,000
2,589 SqFt
4 Beds
•2 Full Baths, 1 Partial
Thomas Ladane Shoupe, Keba Brown, Listing Office: Opendoor Brokerage LLC
Is Lochmere Area, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lochmere Area has remained a Seller's Market.
Key Takeaway
Lochmere Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lochmere Area, NC
How much do homes in Lochmere Area, NC cost?
Median Sold Price
$749,500
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,500(+5.6%)
Key Takeaway
Homes in Lochmere Area have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Lochmere Area was $749,500 in November 2024, up 5.6% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $330K | $540K | +63.6% |
| 3 Bedrooms | $510K | $631.5K | +23.8% |
| 4 Bedrooms | $732K | $775K | +5.9% |
| 5+ Bedrooms | $945K | $812.5K | -14.0% |
Summary: Lochmere Area housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 63.6%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 14%.
Housing Supply in Lochmere Area, NC
How many homes are available in Lochmere Area, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 22 | -21.4% |
Summary: The Lochmere Area real estate market had 22 homes for sale in November 2024, a 21.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 18 | 12 | -33.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Lochmere Area housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lochmere Area, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Lochmere Area in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for Lochmere Area, NC
How long does it take to sell a home in Lochmere Area, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 77 Days | 16 Days | -78.3% |
Summary: Homes in Lochmere Area had an average of 16 days on market in Nov 2024, down by 78.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lochmere Area are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Lochmere Area; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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