Lake Royale, NC
Housing market overview · Updated weekly
$379,000median sale price
Homes sold
7
Last 12 weeks
Days on market
62
Average pace
Active listings
45
6.4 months supply
Sale-to-list
98.5%
Below asking
The Lake Royale housing market is currently classified as a buyer's market with a median sale price of $379,000. Prices have risen 33.0% compared to last year, with homes spending an average of 62 days on market, indicating 6.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Lake Royale?
The median home sale price in Lake Royale is $379,000, up 33.0% from last year.
How long do homes stay on market in Lake Royale?
Homes typically spend 62 days on market before going under contract.
Is Lake Royale a buyer's or seller's market?
With 6.4 months of supply, Lake Royale is currently a buyer's market.
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