Is Lee County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lee County is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Lee County was a Seller's Market.

Key Takeaway

Lee County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$14,966(+5.0%)

Key Takeaway

Homes in Lee County have sold for 5% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $202.5K$198K
-2.2%
2 $200K$225K
+12.5%
3 $285.6K$299.9K
+5.0%
4 $357K$360K
+0.8%
5+ $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
+7.0%
Lee County
+5.0%
Chatham County
+4.8%
Harnett County
+1.5%

Housing Supply in Lee County, NC

How many homes are available in Lee County, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
384418+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

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 2417
-29.2%
3 216247
+14.4%
4 116122
+5.2%
5+ 2731
+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 2024Apr 2024CHANGE
8168-16.0%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lee County, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
84 Days51 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Lee County, NC

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