$4,799 Closing Credit*
$404,112
1,964 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: EXP Realty LLC Mooresville
Is Raintree, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Raintree has remained a Seller's Market.
Key Takeaway
Raintree is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raintree, NC
How much do homes in Raintree, NC cost?
Median Sold Price
$392,062
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,188(-3.7%)
Key Takeaway
Homes in Raintree have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Raintree was $392,062 in November 2024, down 3.7% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $257.5K | $288K | +11.8% |
| 3 Bedrooms | $399.9K | $414.5K | +3.7% |
| 4 Bedrooms | $682K | $638K | -6.5% |
| 5+ Bedrooms | $748K | $938.7K | +25.5% |
Summary: Raintree housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 25.5%.
Housing Supply in Raintree, NC
How many homes are available in Raintree, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Summary: The Raintree real estate market had 27 homes for sale in November 2024, a 3.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Raintree 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 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raintree, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Raintree in November 2024, up by 85.7% month-over-month. Of the 13 sold homes, 38% were sold under asking, 46% were sold at asking, and 15% were sold over asking.
Days on Market for Raintree, NC
How long does it take to sell a home in Raintree, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 31 Days | +71.3% |
Summary: Homes in Raintree had an average of 31 days on market in Nov 2024, up by 71.3% 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 Raintree are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Raintree; 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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