Is Lower Creek 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, Lower Creek Township has remained a Seller's Market.
Housing Prices in Lower Creek Township, NC
How much do homes in Lower Creek Township, NC cost?
Median Sold Price
$274,445
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lower Creek Township was $274,445 in May 2024, up 14.7% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.9K | - | N/A |
2 Bedrooms | $183K | $190K | +3.8% |
3 Bedrooms | $239.2K | $278.9K | +16.6% |
4 Bedrooms | $339.9K | $290K | -14.7% |
5+ Bedrooms | $410K | $413K | +0.7% |
Summary: Lower Creek Township 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 3.8%, 3 bedroom homes increased by 16.6%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
Lenoir Township | $190K | $240.7K | +26.7% |
Lenoir | $210K | $243.4K | +15.9% |
Lower Creek Township | $239.2K | $274.4K | +14.7% |
Hudson Township | $239K | $245K | +2.5% |
Housing Supply in Lower Creek Township, NC
How many homes are available in Lower Creek Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 53 | +8.2% |
Summary: The Lower Creek Township real estate market had 53 homes for sale in May 2024, a 8.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 24 | 31 | +29.2% |
4 Bedrooms | 11 | 8 | -27.3% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lower Creek 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 remained the same, 3 bedroom homes increased by 29.2%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Lower Creek Township in May 2024, down by 21.4% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for Lower Creek Township, NC
How long does it take to sell a home in Lower Creek Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 53 Days | +140.4% |
Summary: Homes in Lower Creek Township had an average of 53 days on market in May 2024, up by 140.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Lower Creek Township; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.