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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lovelady Township is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Lovelady 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 Lovelady Township, NC

How much do homes in Lovelady Township, NC cost?

Median Sold Price

$262,500

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,657(+5.1%)

Key Takeaway

Homes in Lovelady Township have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Lovelady Township was $262,500 in October 2024, up 5.1% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $108K$149.9K
+38.8%
2 $169.7K$194.9K
+14.8%
3 $255.5K$272K
+6.5%
4 $300K$290K
-3.3%
5+ $894.7K$547.4K
-38.8%

Summary: Lovelady Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.8%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 38.8%.

Median Sold Price Compared To Nearby Cities

Icard Township
+22.0%
Valdese
+7.8%
Lovelady Township
+5.1%
Rutherford College
+1.8%
Drexel Township
-2.6%

Housing Supply in Lovelady Township, NC

How many homes are available in Lovelady Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4154+31.7%

Summary: The Lovelady Township real estate market had 54 homes for sale in October 2024, a 31.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 711
+57.1%
3 2027
+35.0%
4 1112
+9.1%
5+ 34
+33.3%

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 increased by 57.1%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
19+800.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lovelady Township, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Lovelady Township in October 2024, up by 800.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% 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 2023Oct 2024CHANGE
21 Days22 Days+3.3%

Summary: Homes in Lovelady Township had an average of 22 days on market in Oct 2024, up by 3.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in Lovelady Township; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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 17 Days Ago

Newest Listings in Lovelady Township, NC

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