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Featured local agent — Lake Royale, NC
Sarah Mitchell
Compass Real Estate · Lake Royale, NC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Royale, NC Housing Market & Real Estate
Housing market overview · Updated monthly ·
$398,000median sale price
How is the Lake Royale, NC housing market right now?
The median home sale price in Lake Royale, NC is $398,000, up 12.1% year-over-year. Homes sell in an average of 14 days with 73 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Royale a buyer's or seller's market?
Lake Royale, NC is currently a buyer's market, based on 14.6 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
14
Fast-moving
Active listings
73
14.6 months supply
Sale-to-list
98.9%
Below asking
What does the Lake Royale housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $398,000 |
| Median list price | $348,000 |
| Year-over-year price change | +12.1% |
| Average days on market | 14 days |
| Active inventory | 73 listings |
| Months of supply | 14.6 months |
| Sale-to-list price ratio | 98.9% |
| Median price per sq ft | $199/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 15 |
| Listings with a price cut | 38.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Royale by property type?
How the Lake Royale, NC market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $398,000 | $199/sq ft | 5 | 14 days |
Source: Redfin · Updated monthly
The Lake Royale housing market is currently classified as a buyer's market with a median sale price of $398,000. Prices have risen 12.1% compared to last year, with homes spending an average of 14 days on market, indicating 14.6 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Lake Royale
There are currently 73 homes listed for sale in Lake Royale, North Carolina. The median listing price is $348K.
Active listings
73
Homes on market
Median list price
$348K
Avg. days on market
14
Days until sale
New this week
15
Newly listed
Who lives in Lake Royale?
Population
2,959
Median income
$96,250/yr
Median age
45.2 years
Owner-occupied
92.6%
College grads
21.1%
Avg commute
35.2 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake Royale?
Lake Royale is a community of approximately 3K residents with a median age of 45.2 years.The median household income is $96,250, which reflects a relatively affluent area with strong earning potential. 21.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 92.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 35.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lake Royale offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Royale, NC?
Want a head-to-head view? Compare Lake Royale side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Royale?
The median home sale price in Lake Royale is $398,000, up 12.1% from last year.
How long do homes stay on market in Lake Royale?
Homes typically spend 14 days on market before going under contract.
What is the median income in Lake Royale?
The median household income is $96,250 per year.
Is Lake Royale a buyer's or seller's market?
With 14.6 months of supply, Lake Royale is currently a buyer's market.
How much does a single-family home cost in Lake Royale?
The median single-family home price in Lake Royale, NC is $398,000 (about $199 per square foot).
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