Is Lexington Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lexington Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Lexington Township has remained a Seller's Market.

Key Takeaway

Lexington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lexington Township, NC

How much do homes in Lexington Township, NC cost?

Median Sold Price

$284,245

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$3,624(+1.3%)

Key Takeaway

Homes in Lexington Township have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Lexington Township was $284,245 in May 2024, up 1.3% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $165K$93K
-43.6%
2 $180K$181K
+0.6%
3 $259.9K$269.9K
+3.8%
4 $316.7K$310.1K
-2.1%
5+ $350K$365K
+4.3%

Summary: Lexington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.6%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Cities

Reedy Creek Township
+29.1%
Thomasville Township
+5.6%
Conrad Hill Township
+4.0%
Lexington
+1.4%
Lexington Township
+1.3%

Housing Supply in Lexington Township, NC

How many homes are available in Lexington Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
446445-0.2%

Summary: The Lexington Township real estate market had 445 homes for sale in May 2024, a 0.2% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 47
+75.0%
2 6665
-1.5%
3 217211
-2.8%
4 147154
+4.8%
5+ 128
-33.3%

Summary: The Lexington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
96106+10.4%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

39 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lexington Township, you may be able to get a good deal. 42.5% of homes here sold below asking price last month.

Summary: A total of 106 homes were sold or pending in Lexington Township in May 2024, up by 10.4% month-over-month. Of the 106 sold homes, 42% were sold under asking, 37% were sold at asking, and 21% were sold over asking.

Days on Market for Lexington Township, NC

How long does it take to sell a home in Lexington Township, NC?

Average Sale Time

May 2023May 2024CHANGE
30 Days35 Days+17.2%

Summary: Homes in Lexington Township had an average of 35 days on market in May 2024, up by 17.2% compared to last year.

Breakdown of Home Sale Times

70 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 106 homes were sold in Lexington Township; 66% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 11% 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 1 Day Ago

Newest Listings in Lexington Township, NC

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