Is Lumberton, 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, Lumberton has remained a Seller's Market.
Key Takeaway
Lumberton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lumberton, NC
How much do homes in Lumberton, NC cost?
Median Sold Price
$200,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lumberton have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Lumberton was $200,000 in May 2024, up 5.3% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | - | N/A |
| 2 Bedrooms | $134.9K | $125K | -7.3% |
| 3 Bedrooms | $185K | $191.5K | +3.5% |
| 4 Bedrooms | $292.5K | $242.5K | -17.1% |
| 5+ Bedrooms | $288.7K | $291.9K | +1.1% |
Summary: Lumberton 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 decreased by 7.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Lumberton | $190K | $200K | +5.3% |
| Lumberton Township | $190K | $200K | +5.3% |
Housing Supply in Lumberton, NC
How many homes are available in Lumberton, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 105 | 108 | +2.9% |
Summary: The Lumberton real estate market had 108 homes for sale in May 2024, a 2.9% 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 | 16 | 16 | 0.0% |
| 3 Bedrooms | 56 | 54 | -3.6% |
| 4 Bedrooms | 28 | 33 | +17.9% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Lumberton 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 decreased by 3.6%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 28 | +64.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lumberton, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Lumberton in May 2024, up by 64.7% month-over-month. Of the 28 sold homes, 43% were sold under asking, 32% were sold at asking, and 25% were sold over asking.
Days on Market for Lumberton, NC
How long does it take to sell a home in Lumberton, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 108 Days | 37 Days | -65.4% |
Summary: Homes in Lumberton had an average of 37 days on market in May 2024, down by 65.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lumberton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 28 homes were sold in Lumberton; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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