$831 Closing Credit*
$69,995
960 SqFt
3 Beds
•1 Full Bath
Ali Abdur-Rashid, Khan KHAN, Listing Office: United Real Estate Triangle
Is Lumberton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lumberton was a Seller's Market.
Key Takeaway
Lumberton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lumberton, NC
How much do homes in Lumberton, NC cost?
Median Sold Price
$199,450
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,000(-1.5%)
Key Takeaway
Homes in Lumberton have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Lumberton was $199,450 in November 2024, down 1.5% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $38.1K | - | N/A |
| 2 Bedrooms | $149.5K | $121.1K | -19.0% |
| 3 Bedrooms | $189K | $196.1K | +3.8% |
| 4 Bedrooms | $249.9K | $286.1K | +14.5% |
| 5+ Bedrooms | $260.2K | $365.7K | +40.5% |
Summary: Lumberton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 40.5%.
Median Sold Price Compared To Nearby Cities
| Lumberton | $202.4K | $199.4K | -1.5% |
| Lumberton Township | $202.4K | $199.4K | -1.5% |
Housing Supply in Lumberton, NC
How many homes are available in Lumberton, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 127 | 115 | -9.4% |
Summary: The Lumberton real estate market had 115 homes for sale in November 2024, a 9.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 75 | 69 | -8.0% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Lumberton 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 decreased by 13.3%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 15 | -40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lumberton, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Lumberton in November 2024, down by 40.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 47% were sold at asking, and 20% were sold over asking.
Days on Market for Lumberton, NC
How long does it take to sell a home in Lumberton, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 74 Days | 42 Days | -43.2% |
Summary: Homes in Lumberton had an average of 42 days on market in Nov 2024, down by 43.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lumberton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Lumberton; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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