Is Linwood, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Linwood is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Linwood, NC

How much do homes in Linwood, NC cost?

Median Sold Price

$265,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$43,150(+19.5%)

Key Takeaway

Homes in Linwood have sold for 19.5% more than they did a year ago.

Summary: The median home sold price in Linwood was $265,000 in May 2024, up 19.5% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$141.5K
N/A
2 $132K$150.3K
+13.9%
3 $255K$265K
+3.9%
4 $1.3M$272.9K
-79.0%
5+ --
N/A

Summary: Linwood 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 13.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 79%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Linwood
+19.5%
Franklin Township
+16.6%
Spencer
+13.8%
Tyro Township
+2.3%
Boone Township
+1.8%

Housing Supply in Linwood, NC

How many homes are available in Linwood, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1114+27.3%

Summary: The Linwood real estate market had 14 homes for sale in May 2024, a 27.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 911
+22.2%
4 11
0.0%
5+ 00
0.0%

Summary: The Linwood 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 increased by 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Linwood, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Linwood in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for Linwood, NC

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

Average Sale Time

May 2023May 2024CHANGE
21 Days5 Days-75.0%

Summary: Homes in Linwood had an average of 5 days on market in May 2024, down by 75% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 4 homes were sold in Linwood; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Linwood, NC

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