Is Raeford, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Raeford is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Raeford has remained a Seller's Market.

Key Takeaway

Raeford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Raeford, NC

How much do homes in Raeford, NC cost?

Median Sold Price

$289,995

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$314(+0.1%)

Key Takeaway

The sold price of homes in Raeford has remained the same since last year.

Summary: The median home sold price in Raeford was $289,995 in November 2024, up 0.1% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $90K$22K
-75.6%
2 $165K$125K
-24.2%
3 $255K$269.9K
+5.9%
4 $335K$336K
0.3%
5+ $389.2K$412K
+5.8%

Summary: Raeford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.6%, 2 bedroom homes decreased by 24.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Cities

Raeford
0.1%
Raeford Township
0.1%

Housing Supply in Raeford, NC

How many homes are available in Raeford, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
299269-10.0%

Summary: The Raeford real estate market had 269 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 154133
-13.6%
4 121115
-5.0%
5+ 1918
-5.3%

Summary: The Raeford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 5.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6651-22.7%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Raeford, expect to pay close to the asking price. 51% of homes here sold near the asking price last month.

Summary: A total of 51 homes were sold or pending in Raeford in November 2024, down by 22.7% month-over-month. Of the 51 sold homes, 39% were sold under asking, 51% were sold at asking, and 10% were sold over asking.

Days on Market for Raeford, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days56 Days+90.0%

Summary: Homes in Raeford had an average of 56 days on market in Nov 2024, up by 90% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 51 homes were sold in Raeford; 49% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 17 Days Ago

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