Is Scotland County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Scotland County was a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $38K | - | N/A |
2 Bedrooms | $79.7K | $98.7K | +23.8% |
3 Bedrooms | $167K | $170.2K | +1.9% |
4 Bedrooms | $310K | $283.2K | -8.6% |
5+ Bedrooms | $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 | $159.2K | $170K | +6.8% |
Robeson County | $192.3K | $205K | +6.6% |
Hoke County | $273.4K | $280.1K | +2.4% |
Scotland County | $189.9K | $169.3K | -10.8% |
Housing Supply in Scotland County, NC
How many homes are available in Scotland County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
74 | 83 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 11 | -21.4% |
3 Bedrooms | 41 | 49 | +19.5% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 1 | 2 | +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 2024 | May 2024 | CHANGE |
---|---|---|
19 | 11 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 35 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
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.