Is Richmond County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Richmond County has remained a Seller's Market.
Housing Prices in Richmond County, NC
How much do homes in Richmond County, NC cost?
Median Sold Price
$170,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Richmond County was $170,000 in May 2024, up 6.8% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $47.5K | -64.8% |
2 Bedrooms | $100.2K | $106.7K | +6.5% |
3 Bedrooms | $169.9K | $180K | +5.9% |
4 Bedrooms | $245K | $284.9K | +16.3% |
5+ Bedrooms | $250K | $299.9K | +20.0% |
Summary: Richmond County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.8%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Counties
Anson County | $153.5K | $172K | +12.1% |
Montgomery County | $214.7K | $233.1K | +8.6% |
Moore County | $420.3K | $449.4K | +6.9% |
Richmond County | $159.2K | $170K | +6.8% |
Scotland County | $189.9K | $169.3K | -10.8% |
Housing Supply in Richmond County, NC
How many homes are available in Richmond County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
106 | 105 | -0.9% |
Summary: The Richmond County real estate market had 105 homes for sale in May 2024, a 0.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 25 | 23 | -8.0% |
3 Bedrooms | 58 | 59 | +1.7% |
4 Bedrooms | 17 | 15 | -11.8% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Richmond County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 22 | -4.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Richmond County in May 2024, down by 4.3% month-over-month. Of the 22 sold homes, 41% were sold under asking, 32% were sold at asking, and 27% were sold over asking.
Days on Market for Richmond County, NC
How long does it take to sell a home in Richmond County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 44 Days | +37.6% |
Summary: Homes in Richmond County had an average of 44 days on market in May 2024, up by 37.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Richmond County; 59% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.