$4,511 Closing Credit*
$379,900
2,399 SqFt
3 Beds
•3 Full Baths, 1 Partial
Micaela Wall, Listing Office: The W Group Real Estate
Is Lowgap, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lowgap has remained a Seller's Market.
Key Takeaway
Lowgap is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lowgap, NC
How much do homes in Lowgap, NC cost?
Median Sold Price
$161,000
$142/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$8,500(+5.6%)
Key Takeaway
Homes in Lowgap have sold for 5.6% more than they did a month ago.
Summary: The median home sold price in Lowgap was $161,000 in October 2024, up 5.6% from last month, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113.5K | $90K | -20.7% |
| 2 Bedrooms | $118K | - | N/A |
| 3 Bedrooms | $220K | $232K | +5.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lowgap housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 20.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lowgap, NC
How many homes are available in Lowgap, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Lowgap real estate market had 8 homes for sale in October 2024, a 20.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lowgap housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lowgap, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lowgap in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lowgap, NC
How long does it take to sell a home in Lowgap, NC?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 Days | 62 Days | -48.5% |
Summary: Homes in Lowgap had an average of 62 days on market in Oct 2024, down by 48.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lowgap are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Lowgap; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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