Is Lee County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lee County was a Seller's Market.
Housing Prices in Lee County, NC
How much do homes in Lee County, NC cost?
Median Sold Price
$314,966
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lee County was $314,966 in April 2024, up 5% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $198K | -2.2% |
2 Bedrooms | $200K | $225K | +12.5% |
3 Bedrooms | $285.6K | $299.9K | +5.0% |
4 Bedrooms | $357K | $360K | +0.8% |
5+ Bedrooms | $441.9K | $480K | +8.6% |
Summary: Lee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Counties
Moore County | $419.9K | $449.2K | +7.0% |
Lee County | $300K | $314.9K | +5.0% |
Chatham County | $514.4K | $539.2K | +4.8% |
Harnett County | $305.2K | $310K | +1.5% |
Housing Supply in Lee County, NC
How many homes are available in Lee County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
384 | 418 | +8.9% |
Summary: The Lee County real estate market had 418 homes for sale in April 2024, a 8.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 24 | 17 | -29.2% |
3 Bedrooms | 216 | 247 | +14.4% |
4 Bedrooms | 116 | 122 | +5.2% |
5+ Bedrooms | 27 | 31 | +14.8% |
Summary: The Lee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 29.2%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 68 | -16.0% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in Lee County in April 2024, down by 16.0% month-over-month. Of the 68 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for Lee County, NC
How long does it take to sell a home in Lee County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 51 Days | -38.4% |
Summary: Homes in Lee County had an average of 51 days on market in Apr 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 68 homes were sold in Lee County; 49% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.