Is Lovelady Township, 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, Lovelady Township has remained a Seller's Market.
Housing Prices in Lovelady Township, NC
How much do homes in Lovelady Township, NC cost?
Median Sold Price
$289,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lovelady Township was $289,500 in May 2024, up 6.4% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $165K | -10.8% |
2 Bedrooms | $166.8K | $165K | -1.1% |
3 Bedrooms | $279.9K | $292.5K | +4.5% |
4 Bedrooms | $523.6K | $529.5K | +1.1% |
5+ Bedrooms | $447.5K | $607.5K | +35.8% |
Summary: Lovelady Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 35.8%.
Median Sold Price Compared To Nearby Cities
Lovelady Township | $272K | $289.5K | +6.4% |
Sawmills | $214.7K | $228K | +6.2% |
Granite Falls | $255K | $260K | +2.0% |
Housing Supply in Lovelady Township, NC
How many homes are available in Lovelady Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 68 | +4.6% |
Summary: The Lovelady Township real estate market had 68 homes for sale in May 2024, a 4.6% increase 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 | 14 | 11 | -21.4% |
3 Bedrooms | 29 | 37 | +27.6% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lovelady Township 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 21.4%, 3 bedroom homes increased by 27.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 13 | -31.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Lovelady Township in May 2024, down by 31.6% month-over-month. Of the 13 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% were sold over asking.
Days on Market for Lovelady Township, NC
How long does it take to sell a home in Lovelady Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 52 Days | +62.1% |
Summary: Homes in Lovelady Township had an average of 52 days on market in May 2024, up by 62.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Lovelady Township; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.