Is Randolph 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, Randolph County has remained a Seller's Market.
Housing Prices in Randolph County, NC
How much do homes in Randolph County, NC cost?
Median Sold Price
$255,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Randolph County was $255,000 in May 2024, up 3.9% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $106K | $146.5K | +38.2% |
2 Bedrooms | $160K | $179K | +11.9% |
3 Bedrooms | $250K | $266.9K | +6.8% |
4 Bedrooms | $356.3K | $321K | -9.9% |
5+ Bedrooms | $360K | $400K | +11.1% |
Summary: Randolph County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.2%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Counties
Montgomery County | $214.7K | $233.1K | +8.6% |
Davidson County | $259.9K | $273.2K | +5.1% |
Randolph County | $245.3K | $255K | +3.9% |
Guilford County | $283.1K | $291.6K | +3.0% |
Alamance County | $319.6K | $316.5K | -1.0% |
Housing Supply in Randolph County, NC
How many homes are available in Randolph County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
336 | 356 | +6.0% |
Summary: The Randolph County real estate market had 356 homes for sale in May 2024, a 6.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 64 | 51 | -20.3% |
3 Bedrooms | 200 | 221 | +10.5% |
4 Bedrooms | 56 | 66 | +17.9% |
5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Randolph County 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 decreased by 20.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 99 | +19.3% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 99 homes were sold or pending in Randolph County in May 2024, up by 19.3% month-over-month. Of the 99 sold homes, 60% were sold under asking, 23% were sold at asking, and 17% were sold over asking.
Days on Market for Randolph County, NC
How long does it take to sell a home in Randolph County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 35 Days | +23.9% |
Summary: Homes in Randolph County had an average of 35 days on market in May 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 99 homes were sold in Randolph County; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.