Is Landfall, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Landfall has remained a Seller's Market.
Key Takeaway
Landfall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Landfall, NC
How much do homes in Landfall, NC cost?
Median Sold Price
$1,150,000
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Landfall have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Landfall was $1,150,000 in May 2024, up 7.8% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $584.5K | $458K | -21.6% |
| 3 Bedrooms | $875K | $907.5K | +3.7% |
| 4 Bedrooms | $1.0M | $1.2M | +18.1% |
| 5+ Bedrooms | $1.5M | $1.4M | -9.5% |
Summary: Landfall housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in Landfall, NC
How many homes are available in Landfall, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 53 | +10.4% |
Summary: The Landfall real estate market had 53 homes for sale in May 2024, a 10.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 24 | 29 | +20.8% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Landfall housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Landfall, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Landfall in May 2024, up by 85.7% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.
Days on Market for Landfall, NC
How long does it take to sell a home in Landfall, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 45 Days | -17.2% |
Summary: Homes in Landfall had an average of 45 days on market in May 2024, down by 17.2% compared to last year.
Breakdown of Home Sale Times
8 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 Landfall are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Landfall; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
