Is Rural Hall, 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, Rural Hall has remained a Seller's Market.
Key Takeaway
Rural Hall is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rural Hall, NC
How much do homes in Rural Hall, NC cost?
Median Sold Price
$260,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rural Hall have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Rural Hall was $260,000 in May 2024, down 3.7% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $114.5K | N/A |
| 2 Bedrooms | $171.9K | $139K | -19.1% |
| 3 Bedrooms | $265K | $259K | -2.3% |
| 4 Bedrooms | $298.9K | $325K | +8.7% |
| 5+ Bedrooms | $342.5K | $355K | +3.6% |
Summary: Rural Hall 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 decreased by 19.1%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Winston Township | $259.8K | $265.2K | +2.1% |
| Winston-Salem | $259.9K | $265.1K | +2.0% |
| Bethania Township | $256.9K | $260K | +1.2% |
| Rural Hall | $270K | $260K | -3.7% |
Housing Supply in Rural Hall, NC
How many homes are available in Rural Hall, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Summary: The Rural Hall real estate market had 38 homes for sale in May 2024, a 11.8% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Rural Hall 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 4.2%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rural Hall, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Rural Hall in May 2024, up by 62.5% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for Rural Hall, NC
How long does it take to sell a home in Rural Hall, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 61 Days | +163.9% |
Summary: Homes in Rural Hall had an average of 61 days on market in May 2024, up by 163.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rural Hall are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Rural Hall; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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