Lovelady Township Housing Market Report February 2025Burke County, North Carolina

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Housing Prices in Lovelady Township, NC

How much do homes in Lovelady Township, NC cost?

Housing Market Conditions

Is Lovelady Township, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lovelady Township is a Buyer's Market

Difference Since February 2024

At the same time last year, Lovelady Township was a Neutral Market.

Insight

Lovelady Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$250,450$185/SqFt
+$550
0.2%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Lovelady Township has remained the same since last year.

Summary: The median home sold price in Lovelady Township was $250,450 in February 2025, up 0.2% from last year, and the median price per square foot was $185.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Icard Township
+23.1%
Valdese
+11.1%
Drexel Township
+2.7%
Lovelady Township
0.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$108K$149.9K
+38.8%
2$180K$181.2K
+0.7%
3$256K$272K
+6.3%
4$255K$290K
+13.7%
5$369.9K$725K
+96.0%

Summary: Lovelady Township housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +38.8%. The home price for 2 bedroom homes increased by +0.7%. The home price for 3 bedroom homes increased by +6.3%. The home price for 4 bedroom homes increased by +13.7%. The home price for 5 bedroom homes increased by +96.0%.

Housing supply in Lovelady Township, NC

How many homes are available in Lovelady Township, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
47Last MonthFeb 2025
402 months agoJan 2025
+17.5 %
Change MoMJan – Feb

Summary: The Lovelady Township real estate market had 47 homes for sale in Feb 2025, a 17.5 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthFeb 2025
82 months agoJan 2025
-62.5 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
21011
+10.0%
32027
+35.0%
476
-14.3%
533
0.0%

Summary: Lovelady Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +10.0%. The inventory for 3 bedroom homes increased by +35.0%. The inventory for 4 bedroom homes decreased by -14.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Lovelady Township, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Lovelady Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Lovelady Township in February 2025, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and and 0% were sold over asking.

Days on Market for Lovelady Township, NC

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

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

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

Summary: During February 2025, 3 homes were sold in Lovelady Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
16 DaysThis YearFeb 2025
17 Days1 year agoFeb 2024
-3.9 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Lovelady Township had an average listing age of 16 days in Feb 2025, down by 3.9% compared to the previous year.

Newest Listings in Lovelady Township, NC

What homes are available in Lovelady Township, NC?

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 9:21:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 9:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.