September 2025 Market Update with Longleaf Pine REALTORS®

October 16, 2025

As we move into fall, the real estate market across the LPR region continues to balance out after an active summer. While national home sales dipped slightly, our local market shows mixed trends across counties — with growing inventory, steady prices, and varying buyer activity depending on property type.

Regional Overview

According to the latest Longleaf Pine REALTORS® data, overall closed sales across all residential property types declined 4.4% compared to September 2024, while pending sales edged up 3.6%, signaling stable buyer demand moving into Q4.

  • Median Sales Price across all property types rose 1.8% year-over-year to $290,000.
  • Days on Market increased 23.4%, now averaging 58 days — showing homes are taking a bit longer to sell.
  • Inventory continues to grow, up 15.7%, offering more options for buyers.
  • Housing Affordability slipped 6%, reflecting higher prices and borrowing costs.

Single-family existing homes saw a small 0.7% price increase (median: $268,000) while new construction homes dipped 0.9% to $346,473. Townhomes and condos gained 2.0%, with a median price of $186,750.

Monthly ReportDownload

County Snapshots

Cumberland County

Cumberland remains one of the region’s most active markets, though sales activity eased slightly:

  • Closed sales down 3.6%, pending sales down 12.9%.
  • Median Sales Price: up 2.6% to $248,250.
  • Average Days on Market: rose 50% to 42 days.
  • New Construction: prices up 1.7% to $349,900, with a strong 100.6% of list price received — builders are still commanding top dollar.
CumberlandCountyDownload

Hoke County

Hoke County’s market activity softened in September, with price stability offset by fewer new listings:

  • Closed sales: down 29.2%, though pending sales increased 4.3%.
  • Median Sales Price: up 5.2% to $282,500.
  • Days on Market: lengthened to 27 days, up 28.6% from last year.
  • New Construction: remains active, with prices climbing 9.1% to $349,900, though listings dropped 30.4%.
HokeCountyDownload

Lee County

Lee County showed the most dynamic shifts this month:

  • Closed Sales: down 23.1%, but pending sales surged 46.7% — signaling a likely rebound ahead.
  • Median Sales Price: dropped 29.4% to $282,500, driven by more lower-priced resales entering the market.
  • New Construction: new listings jumped dramatically (+1,200%), though average prices softened slightly (–15.5%) to $325,188.
  • Townhome/Condo activity remains limited, reflecting the county’s predominantly single-family market.
LeeCountyDownload

Key Takeaways for REALTORS®

  • Inventory is growing — up more than 15% regionwide — offering new opportunities for buyers.
  • Prices remain steady overall, but market times are lengthening, emphasizing the importance of strategic pricing and marketing.
  • New construction continues to perform strongly across the region, especially in Cumberland and Hoke Counties, while resale activity cools slightly.
  • Expect autumn to remain a balanced market: competitive pricing will move listings, but buyers have more leverage than earlier this year.