Listing Office: RE/MAX Southern Lifestyles
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
At the same time last year, Lovelady Township was a Seller's Market.
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
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
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108K | $149.9K | +38.8% |
2 Bedrooms | $169.7K | $194.9K | +14.8% |
3 Bedrooms | $255.5K | $272K | +6.5% |
4 Bedrooms | $300K | $290K | -3.3% |
5+ Bedrooms | $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 | $195.9K | $239K | +22.0% |
Valdese | $241.2K | $259.9K | +7.8% |
Lovelady Township | $249.8K | $262.5K | +5.1% |
Rutherford College | $275K | $280K | +1.8% |
Drexel Township | $230K | $224K | -2.6% |
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 |
---|---|---|
41 | 54 | +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
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 20 | 27 | +35.0% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 3 | 4 | +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 2024 | Oct 2024 | CHANGE |
---|---|---|
1 | 9 | +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
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 2023 | Oct 2024 | CHANGE |
---|---|---|
21 Days | 22 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
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.