Is White Lake, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing White Lake is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, White Lake was a Seller's Market.

Key Takeaway

White Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in White Lake, NC

How much do homes in White Lake, NC cost?

Median Sold Price

$228,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$1,900(-0.8%)

Key Takeaway

Homes in White Lake have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in White Lake was $228,000 in May 2024, down 0.8% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$129.9K
N/A
2 $122.3K$152.2K
+24.5%
3 $260K$233K
-10.4%
4 -$379K
N/A
5+ $151K$510K
+237.7%

Summary: White Lake 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 increased by 24.5%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 237.7%.

Median Sold Price Compared To Nearby Cities

Colly Township
+12.6%
White Lake
-0.8%

Housing Supply in White Lake, NC

How many homes are available in White Lake, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1213+8.3%

Summary: The White Lake real estate market had 13 homes for sale in May 2024, a 8.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 22
0.0%
3 67
+16.7%
4 11
0.0%
5+ 11
0.0%

Summary: The White Lake 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in White Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in White Lake in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for White Lake, NC

How long does it take to sell a home in White Lake, NC?

Average Sale Time

May 2023May 2024CHANGE
44 Days2 Days-95.5%

Summary: Homes in White Lake had an average of 2 days on market in May 2024, down by 95.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in White Lake; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

Newest Listings in White Lake, NC

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