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 seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Lovelady Township was a Buyer'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

$259,900

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$4,900(+1.9%)

Key Takeaway

Homes in Lovelady Township have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Lovelady Township was $259,900 in November 2024, up 1.9% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $108K$149.9K
+38.8%
2 $169.7K$182.5K
+7.5%
3 $260K$269.9K
+3.8%
4 $300K$350K
+16.7%
5+ $894.7K$547.4K
-38.8%

Summary: Lovelady Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.8%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 38.8%.

Median Sold Price Compared To Nearby Cities

Icard Township
+22.5%
Drexel Township
+3.4%
Valdese
+2.5%
Lovelady Township
+1.9%

Housing Supply in Lovelady Township, NC

How many homes are available in Lovelady Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5045-10.0%

Summary: The Lovelady Township real estate market had 45 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 2724
-11.1%
4 1110
-9.1%
5+ 21
-50.0%

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 11.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10100.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were 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. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Lovelady Township in November 2024, the same as the previous month. Of the 10 sold homes, 70% were sold under asking, 0% were sold at asking, and 30% 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 2023Nov 2024CHANGE
54 Days76 Days+42.0%

Summary: Homes in Lovelady Township had an average of 76 days on market in Nov 2024, up by 42% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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 November 2024, 10 homes were sold in Lovelady Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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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