$13,000
Land
Listing Office: NextHome Blue Skies
Is Lovelady 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, Lovelady Township has remained a Seller's Market.
Key Takeaway
Lovelady Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lovelady Township, NC
How much do homes in Lovelady Township, NC cost?
Median Sold Price
$299,950
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,950(+5.2%)
Key Takeaway
Homes in Lovelady Township have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Lovelady Township was $299,950 in November 2024, up 5.2% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | - | N/A |
| 2 Bedrooms | $126K | $193K | +53.2% |
| 3 Bedrooms | $287.2K | $300K | +4.4% |
| 4 Bedrooms | $534K | $502K | -6.0% |
| 5+ Bedrooms | $600K | $489.3K | -18.4% |
Summary: Lovelady 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 increased by 53.2%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 18.4%.
Median Sold Price Compared To Nearby Cities
| Lovelady Township | $285K | $299.9K | +5.2% |
| Sawmills | $245K | $247K | +0.8% |
| Granite Falls | $269K | $262.5K | -2.4% |
Housing Supply in Lovelady Township, NC
How many homes are available in Lovelady Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 70 | -6.7% |
Summary: The Lovelady Township real estate market had 70 homes for sale in November 2024, a 6.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 49 | 43 | -12.2% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Lovelady Township 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 decreased by 12.2%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 12 | -52.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lovelady Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Lovelady Township in November 2024, down by 52.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Lovelady Township, NC
How long does it take to sell a home in Lovelady Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 40 Days | +130.2% |
Summary: Homes in Lovelady Township had an average of 40 days on market in Nov 2024, up by 130.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lovelady Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Lovelady Township; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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