Lenoir, NC Homes for Sale & Real Estate Listings

In May 2025, the Lenoir housing market experienced mixed trends, with home prices down 14.5% year-over-year, bringing the median sale price to $235K. Homes took significantly longer to sell, averaging 90 days on the market compared to 42 days last year, indicating slower buyer activity or more selective purchasing. However, sales volume increased, with 28 homes sold versus 23 a year ago, suggesting that lower prices may be attracting more buyers despite the extended selling times.

The Lenoir housing market is somewhat competitive, with homes typically selling in about 63.5 days. On average, properties sell for around 4% below the list price, giving buyers considerable negotiating room. However, well-priced and desirable homes can still attract multiple offers, selling closer to the asking price and going pending in as little as 42 days, indicating steady demand for quality listings despite the slower overall pace.

Lenoir, NC was a buyer’s market in June 2025, indicating that the supply of homes exceeded buyer demand. This oversupply gives buyers more negotiating power, as sellers may need to reduce prices or offer concessions to attract interest. Homes are staying on the market longer, reflecting slower-moving inventory, while buyers have more options to choose from and less pressure to make quick decisions. Sellers looking to close deals in this market must price competitively and ensure their homes stand out to capture buyer attention.