Is La Grange, 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, La Grange has remained a Seller's Market.
Housing Prices in La Grange, NC
How much do homes in La Grange, NC cost?
Median Sold Price
$259,450
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in La Grange was $259,450 in May 2024, up 1.8% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $126K | $130K | +3.2% |
3 Bedrooms | $237.5K | $230K | -3.2% |
4 Bedrooms | $327.6K | $333.6K | +1.8% |
5+ Bedrooms | $372.6K | $366K | -1.8% |
Summary: La Grange 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 3.2%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
La Grange | $254.7K | $259.4K | +1.8% |
Moseley Hall Township | $250.1K | $250K | -0.1% |
Housing Supply in La Grange, NC
How many homes are available in La Grange, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 42 | -8.7% |
Summary: The La Grange real estate market had 42 homes for sale in May 2024, a 8.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The La Grange 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 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in La Grange in May 2024, down by 11.1% month-over-month. Of the 8 sold homes, 13% were sold under asking, 75% were sold at asking, and 13% were sold over asking.
Days on Market for La Grange, NC
How long does it take to sell a home in La Grange, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 55 Days | +12.1% |
Summary: Homes in La Grange had an average of 55 days on market in May 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in La Grange; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.