Lenoir, NC Homes for Sale & Real Estate Listings

In November 2024, home prices in Lenoir experienced a notable decline, dropping 20.1% compared to the previous year, with a median sale price of $213K. Homes in the area took slightly longer to sell, averaging 58 days on the market compared to 56 days last year, reflecting a subtle slowdown in buyer activity. Additionally, the number of homes sold fell from 20 in November 2023 to just 13 this year. These trends suggest a cooling market, potentially offering opportunities for buyers, while sellers may need to adjust pricing strategies to align with current conditions.

The Lenoir housing market is moderately competitive. On average, homes sell within 52 days and often for about 3% below the list price. While the market moves at a steady pace, some properties attract multiple offers. "Hot" homes, those in higher demand, typically sell closer to the list price and go under contract in approximately 23 days, showcasing strong buyer interest for desirable listings. This balance of activity offers opportunities for both buyers and sellers to achieve favorable outcomes.

In December 2024, Lenoir, NC, was a buyer's market, indicating that the supply of homes exceeded buyer demand. This environment creates favorable conditions for buyers, offering more choices and greater leverage in negotiations, as sellers may need to adjust prices or offer concessions to attract offers.