Is Riverbend Township, 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, Riverbend Township has remained a Seller's Market.
Housing Prices in Riverbend Township, NC
How much do homes in Riverbend Township, NC cost?
Median Sold Price
$350,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Riverbend Township was $350,000 in May 2024, up 4% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | - | N/A |
2 Bedrooms | $214.5K | $229K | +6.8% |
3 Bedrooms | $325.6K | $335K | +2.9% |
4 Bedrooms | $427.7K | $419.9K | -1.8% |
5+ Bedrooms | $447.5K | $534.1K | +19.4% |
Summary: Riverbend Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Cities
Riverbend Township | $336.4K | $350K | +4.0% |
Stanley | $328K | $336K | +2.4% |
Mount Holly | $343.3K | $344.5K | 0.3% |
Ranlo | $277.4K | $254.5K | -8.3% |
Housing Supply in Riverbend Township, NC
How many homes are available in Riverbend Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
170 | 175 | +2.9% |
Summary: The Riverbend Township real estate market had 175 homes for sale in May 2024, a 2.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 25 | 25 | 0.0% |
3 Bedrooms | 96 | 97 | +1.0% |
4 Bedrooms | 37 | 45 | +21.6% |
5+ Bedrooms | 11 | 7 | -36.4% |
Summary: The Riverbend Township 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 remained the same, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 36.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 46 | +4.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Riverbend Township in May 2024, up by 4.5% month-over-month. Of the 46 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.
Days on Market for Riverbend Township, NC
How long does it take to sell a home in Riverbend Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 29 Days | +7.4% |
Summary: Homes in Riverbend Township had an average of 29 days on market in May 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 46 homes were sold in Riverbend Township; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.