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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McLauchlin Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, McLauchlin Township has remained a Seller's Market.

Key Takeaway

McLauchlin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in McLauchlin Township, NC

How much do homes in McLauchlin Township, NC cost?

Median Sold Price

$288,449

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$993(+0.3%)

Key Takeaway

The sold price of homes in McLauchlin Township has remained the same since last year.

Summary: The median home sold price in McLauchlin Township was $288,449 in October 2024, up 0.3% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $189K$202.5K
+7.1%
3 $254.6K$270K
+6.0%
4 $334.9K$339.5K
+1.4%
5+ $390K$413.7K
+6.1%

Summary: McLauchlin Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Cities

Seventy-First Township
+7.2%
Rockfish Township
+1.6%
Raeford Township
+1.1%
McLauchlin Township
0.3%

Housing Supply in McLauchlin Township, NC

How many homes are available in McLauchlin Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
185189+2.2%

Summary: The McLauchlin Township real estate market had 189 homes for sale in October 2024, a 2.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 114111
-2.6%
4 5965
+10.2%
5+ 1112
+9.1%

Summary: The McLauchlin 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 remained the same, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4744-6.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McLauchlin Township, expect to pay close to the asking price. 43.2% of homes here sold near the asking price last month.

Summary: A total of 44 homes were sold or pending in McLauchlin Township in October 2024, down by 6.4% month-over-month. Of the 44 sold homes, 23% were sold under asking, 43% were sold at asking, and 34% were sold over asking.

Days on Market for McLauchlin Township, NC

How long does it take to sell a home in McLauchlin Township, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days32 Days-15.4%

Summary: Homes in McLauchlin Township had an average of 32 days on market in Oct 2024, down by 15.4% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 44 homes were sold in McLauchlin Township; 64% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% 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 McLauchlin Township, NC

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