Is Scotland County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scotland County is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Scotland County was a Seller's Market.

Key Takeaway

Scotland County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Scotland County, NC

How much do homes in Scotland County, NC cost?

Median Sold Price

$169,333

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$20,566(-10.8%)

Key Takeaway

Homes in Scotland County have sold for 10.8% less than they did a year ago.

Summary: The median home sold price in Scotland County was $169,333 in May 2024, down 10.8% from last year, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $38K-
N/A
2 $79.7K$98.7K
+23.8%
3 $167K$170.2K
+1.9%
4 $310K$283.2K
-8.6%
5+ $265K$220K
-17.0%

Summary: Scotland County 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 23.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 17%.

Median Sold Price Compared To Nearby Counties

Richmond County
+6.8%
Robeson County
+6.6%
Hoke County
+2.4%
Scotland County
-10.8%

Housing Supply in Scotland County, NC

How many homes are available in Scotland County, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7483+12.2%

Summary: The Scotland County real estate market had 83 homes for sale in May 2024, a 12.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1411
-21.4%
3 4149
+19.5%
4 1821
+16.7%
5+ 12
+100.0%

Summary: The Scotland 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 21.4%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1911-42.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scotland County, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Scotland County in May 2024, down by 42.1% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.

Days on Market for Scotland County, NC

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

Average Sale Time

May 2023May 2024CHANGE
38 Days35 Days-7.7%

Summary: Homes in Scotland County had an average of 35 days on market in May 2024, down by 7.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 11 homes were sold in Scotland County; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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

Newest Listings in Scotland County, NC

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What housing markets are near Scotland County, NC?