$6,620 Closing Credit*
$557,500
1,812 SqFt
3 Beds
•2 Full Baths
Listing Office: Berkshire Hathaway HomeServices Carolinas Realty
Is Raintree, 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, 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
$427,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,500(+4.8%)
Key Takeaway
Homes in Raintree have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Raintree was $427,000 in October 2024, up 4.8% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $265K | $285K | +7.5% |
| 3 Bedrooms | $399.9K | $435K | +8.8% |
| 4 Bedrooms | $655K | $675K | +3.1% |
| 5+ Bedrooms | $748K | $940K | +25.7% |
Summary: Raintree housing prices by bedroom type for October 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 8.8%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 25.7%.
Housing Supply in Raintree, NC
How many homes are available in Raintree, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 30 | -14.3% |
Summary: The Raintree real estate market had 30 homes for sale in October 2024, a 14.3% decrease 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 | 10 | 7 | -30.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Raintree 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 decreased by 30%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raintree, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Raintree in October 2024, down by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 15 Days | -27.9% |
Summary: Homes in Raintree had an average of 15 days on market in Oct 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 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 October 2024, 6 homes were sold in Raintree; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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