$7,422 Closing Credit*
$625,000
2,385 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Executive
Is Raintree, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$432,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$42,000(+10.8%)
Key Takeaway
Homes in Raintree have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Raintree was $432,000 in September 2024, up 10.8% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $265K | $285K | +7.5% |
| 3 Bedrooms | $381.2K | $432K | +13.3% |
| 4 Bedrooms | $652.4K | $675K | +3.5% |
| 5+ Bedrooms | $725K | $877K | +21.0% |
Summary: Raintree housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 21%.
Housing Supply in Raintree, NC
How many homes are available in Raintree, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Summary: The Raintree real estate market had 34 homes for sale in September 2024, a 8.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Raintree housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raintree, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Raintree in September 2024, the same as the previous month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 10 Days | 9 Days | -13.4% |
Summary: Homes in Raintree had an average of 9 days on market in Sep 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Raintree are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 11 homes were sold in Raintree; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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