Is Reidsville, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Reidsville is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Reidsville has remained a Seller's Market.

Key Takeaway

Reidsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Reidsville, NC

How much do homes in Reidsville, NC cost?

Median Sold Price

$222,750

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$18,950(+9.3%)

Key Takeaway

Homes in Reidsville have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Reidsville was $222,750 in May 2024, up 9.3% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $36.4K$73K
+100.3%
2 $126.5K$135K
+6.7%
3 $211.5K$239.9K
+13.4%
4 $292K$412.6K
+41.3%
5+ $320K$275K
-14.1%

Summary: Reidsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 41.3%, and 5+ bedroom homes decreased by 14.1%.

Median Sold Price Compared To Nearby Cities

Wentworth Township
+15.4%
Reidsville
+9.3%
Reidsville Township
+9.3%
Williamsburg Township
+9.2%
Simpsonville Township
+1.8%

Housing Supply in Reidsville, NC

How many homes are available in Reidsville, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
110122+10.9%

Summary: The Reidsville real estate market had 122 homes for sale in May 2024, a 10.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 1819
+5.6%
3 7281
+12.5%
4 1113
+18.2%
5+ 77
0.0%

Summary: The Reidsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
2425+4.2%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Reidsville, you may be able to get a good deal. 48% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Reidsville in May 2024, up by 4.2% month-over-month. Of the 25 sold homes, 48% were sold under asking, 16% were sold at asking, and 36% were sold over asking.

Days on Market for Reidsville, NC

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

Average Sale Time

May 2023May 2024CHANGE
40 Days27 Days-32.4%

Summary: Homes in Reidsville had an average of 27 days on market in May 2024, down by 32.4% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 25 homes were sold in Reidsville; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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