Is Lake Park, 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, Lake Park has remained a Seller's Market.
Housing Prices in Lake Park, NC
How much do homes in Lake Park, NC cost?
Median Sold Price
$387,500
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lake Park was $387,500 in May 2024, up 2% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $276K | $288.3K | +4.5% |
3 Bedrooms | $388.5K | $375K | -3.5% |
4 Bedrooms | $390K | $430K | +10.3% |
5+ Bedrooms | $439K | $584K | +33.0% |
Summary: Lake Park 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 4.5%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 33%.
Median Sold Price Compared To Nearby Cities
Lake Park | $380K | $387.5K | +2.0% |
Indian Trail | $418.2K | $426.6K | +2.0% |
Vance Township | $423.7K | $426.4K | +0.6% |
Housing Supply in Lake Park, NC
How many homes are available in Lake Park, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 14 | -26.3% |
Summary: The Lake Park real estate market had 14 homes for sale in May 2024, a 26.3% decrease 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 | 5 | 2 | -60.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 3 | 0 | -100.0% |
Summary: The Lake Park 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 60%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Lake Park in May 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lake Park, NC
How long does it take to sell a home in Lake Park, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 22 Days | -29.1% |
Summary: Homes in Lake Park had an average of 22 days on market in May 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Lake Park; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.