$5,807 Closing Credit*
$489,000
3,145 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Hughes Real Estate
Is Lovelady 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, 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
$291,250
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,750(+0.6%)
Key Takeaway
Homes in Lovelady Township have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Lovelady Township was $291,250 in October 2024, up 0.6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | - | N/A |
| 2 Bedrooms | $144K | $188.5K | +30.9% |
| 3 Bedrooms | $292.5K | $292.5K | 0.0% |
| 4 Bedrooms | $419K | $511K | +22.0% |
| 5+ Bedrooms | $603.7K | $500K | -17.2% |
Summary: Lovelady 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 30.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 22%, and 5+ bedroom homes decreased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Sawmills | $245K | $247K | +0.8% |
| Lovelady Township | $289.5K | $291.2K | +0.6% |
| Granite Falls | $269.5K | $257K | -4.6% |
Housing Supply in Lovelady Township, NC
How many homes are available in Lovelady Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 79 | -3.7% |
Summary: The Lovelady Township real estate market had 79 homes for sale in October 2024, a 3.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 54 | 51 | -5.6% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lovelady 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 remained the same, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 23 | +130.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 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. 65.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Lovelady Township in October 2024, up by 130.0% month-over-month. Of the 23 sold homes, 65% were sold under asking, 13% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 43 Days | +116.0% |
Summary: Homes in Lovelady Township had an average of 43 days on market in Oct 2024, up by 116% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lovelady Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Lovelady Township; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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