$3,919 Closing Credit*
$330,000
2,244 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: EXP Realty LLC
Is Ranlo, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Ranlo has remained a Seller's Market.
Key Takeaway
Ranlo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ranlo, NC
How much do homes in Ranlo, NC cost?
Median Sold Price
$275,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$5,000(+1.9%)
Key Takeaway
Homes in Ranlo have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Ranlo was $275,000 in December 2024, up 1.9% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156.7K | - | N/A |
| 2 Bedrooms | $215K | $195.5K | -9.1% |
| 3 Bedrooms | $274.9K | $255K | -7.2% |
| 4 Bedrooms | $322.5K | $375K | +16.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Ranlo housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lowell | $268.5K | $296K | +10.2% |
| South Point Township | $365.2K | $399.5K | +9.4% |
| Gastonia Township | $272.3K | $285K | +4.6% |
| Dallas Township | $299.9K | $310K | +3.3% |
| Ranlo | $270K | $275K | +1.9% |
Housing Supply in Ranlo, NC
How many homes are available in Ranlo, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The Ranlo real estate market had 14 homes for sale in December 2024, a 17.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 6 | 2 | -66.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Ranlo housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ranlo, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Ranlo in December 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 31 Days | 87 Days | +182.6% |
Summary: Homes in Ranlo had an average of 87 days on market in Dec 2024, up by 182.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Ranlo are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 5 homes were sold in Ranlo; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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