$2,672 Closing Credit*
$225,000
2,750 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Northstar Real Estate, LLC
Is Ranlo, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Ranlo was a Seller's Market.
Key Takeaway
Ranlo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ranlo, NC
How much do homes in Ranlo, NC cost?
Median Sold Price
$263,500
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$4,000(-1.5%)
Key Takeaway
Homes in Ranlo have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Ranlo was $263,500 in September 2024, down 1.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156.7K | - | N/A |
| 2 Bedrooms | $215K | $187.5K | -12.8% |
| 3 Bedrooms | $279.9K | $269.9K | -3.6% |
| 4 Bedrooms | $362.5K | $385K | +6.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Ranlo 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 decreased by 12.8%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lowell | $259.2K | $285K | +9.9% |
| Gastonia Township | $270.8K | $284.8K | +5.2% |
| South Point Township | $370.1K | $388.7K | +5.0% |
| Dallas Township | $295.9K | $307.2K | +3.8% |
| Ranlo | $267.5K | $263.5K | -1.5% |
Housing Supply in Ranlo, NC
How many homes are available in Ranlo, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Summary: The Ranlo real estate market had 19 homes for sale in September 2024, a 5.6% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ranlo 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 increased by 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ranlo, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Ranlo in September 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ranlo, NC
How long does it take to sell a home in Ranlo, NC?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 15 Days | 68 Days | +353.3% |
Summary: Homes in Ranlo had an average of 68 days on market in Sep 2024, up by 353.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ranlo has remained consistent over time.
Summary: During September 2024, 2 homes were sold in Ranlo; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.