$4,869 Closing Credit*
$410,000
3,488 SqFt
5 Beds
•3 Full Baths
CHARLES FENNELL, Listing Office: COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Is Raeford, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$286,838
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,959(+1.0%)
Key Takeaway
Homes in Raeford have sold for 1% more than they did a year ago.
Summary: The median home sold price in Raeford was $286,838 in October 2024, up 1% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $22K | -75.6% |
| 2 Bedrooms | $153.7K | $139K | -9.6% |
| 3 Bedrooms | $252K | $267K | +6.0% |
| 4 Bedrooms | $330K | $335K | +1.5% |
| 5+ Bedrooms | $390K | $413.7K | +6.1% |
Summary: Raeford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.6%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
| Raeford Township | $283.8K | $287K | +1.1% |
| Raeford | $283.8K | $286.8K | +1.0% |
Housing Supply in Raeford, NC
How many homes are available in Raeford, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 287 | 293 | +2.1% |
Summary: The Raeford real estate market had 293 homes for sale in October 2024, a 2.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 154 | 152 | -1.3% |
| 4 Bedrooms | 112 | 120 | +7.1% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Raeford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 59 | -3.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raeford, expect to pay close to the asking price. 49.2% of homes here sold near the asking price last month.
Summary: A total of 59 homes were sold or pending in Raeford in October 2024, down by 3.3% month-over-month. Of the 59 sold homes, 22% were sold under asking, 49% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 45 Days | +25.7% |
Summary: Homes in Raeford had an average of 45 days on market in Oct 2024, up by 25.7% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Raeford are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 59 homes were sold in Raeford; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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