$5,035 Closing Credit*
$424,000
1,855 SqFt
3 Beds
•2 Full Baths
Listing Office: Wallace Realty
Is Locke Township, 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, Locke Township has remained a Seller's Market.
Key Takeaway
Locke Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Locke Township, NC
How much do homes in Locke Township, NC cost?
Median Sold Price
$325,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,500(+8.5%)
Key Takeaway
Homes in Locke Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Locke Township was $325,000 in November 2024, up 8.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | - | N/A |
| 2 Bedrooms | $200K | $175K | -12.5% |
| 3 Bedrooms | $285K | $331.2K | +16.2% |
| 4 Bedrooms | $385K | $325.5K | -15.5% |
| 5+ Bedrooms | $470K | $882.5K | +87.8% |
Summary: Locke Township 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 decreased by 12.5%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes increased by 87.8%.
Median Sold Price Compared To Nearby Cities
| Litaker Township | $291.2K | $340.1K | +16.8% |
| Locke Township | $299.5K | $325K | +8.5% |
| Salisbury | $260K | $276.4K | +6.3% |
| Franklin Township | $285K | $301K | +5.6% |
| Salisbury Township | $259.9K | $269.5K | +3.7% |
Housing Supply in Locke Township, NC
How many homes are available in Locke Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 55 | +7.8% |
Summary: The Locke Township real estate market had 55 homes for sale in November 2024, a 7.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 30 | 35 | +16.7% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Locke 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 decreased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Locke Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Locke Township in November 2024, up by 42.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Locke Township, NC
How long does it take to sell a home in Locke Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 46 Days | +204.0% |
Summary: Homes in Locke Township had an average of 46 days on market in Nov 2024, up by 204% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Locke Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Locke Township; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.