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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Locke Township is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Locke Township was a Seller's Market.

Key Takeaway

Locke 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 Locke Township, NC

How much do homes in Locke Township, NC cost?

Median Sold Price

$327,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$25,100(+8.3%)

Key Takeaway

Homes in Locke Township have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Locke Township was $327,000 in December 2024, up 8.3% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $85K$105K
+23.5%
2 $190K$112.5K
-40.8%
3 $285K$331.2K
+16.2%
4 $397K$325.5K
-18.0%
5+ $470K$782.5K
+66.5%

Summary: Locke Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.5%, 2 bedroom homes decreased by 40.8%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes increased by 66.5%.

Median Sold Price Compared To Nearby Cities

Litaker Township
+14.4%
Franklin Township
+10.0%
Locke Township
+8.3%
Salisbury
+7.3%
Salisbury Township
+4.3%

Housing Supply in Locke Township, NC

How many homes are available in Locke Township, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5455+1.9%

Summary: The Locke Township real estate market had 55 homes for sale in December 2024, a 1.9% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 13
+200.0%
3 3533
-5.7%
4 1516
+6.7%
5+ 22
0.0%

Summary: The Locke Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Locke Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Locke Township in December 2024, down by 10.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% 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

Dec 2023Dec 2024CHANGE
22 Days30 Days+33.5%

Summary: Homes in Locke Township had an average of 30 days on market in Dec 2024, up by 33.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Locke Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 9 homes were sold in Locke Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Locke Township, NC

Nearby Markets to Locke Township, NC

What housing markets are near Locke Township, NC?