$8,313 Closing Credit*
$700,000
3,024 SqFt
Studio
Listing Office: L&E Properties
Is Ranlo, 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, 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
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,500(+4.4%)
Key Takeaway
Homes in Ranlo have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Ranlo was $275,000 in November 2024, up 4.4% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156.7K | - | N/A |
| 2 Bedrooms | $220K | $195.5K | -11.1% |
| 3 Bedrooms | $277.4K | $269.9K | -2.7% |
| 4 Bedrooms | $295K | $369K | +25.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Ranlo 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 decreased by 11.1%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 25.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lowell | $265K | $298K | +12.5% |
| Dallas Township | $296.1K | $311K | +5.0% |
| Gastonia Township | $272.1K | $285K | +4.7% |
| Ranlo | $263.5K | $275K | +4.4% |
| South Point Township | $372.2K | $388.1K | +4.3% |
Housing Supply in Ranlo, NC
How many homes are available in Ranlo, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The Ranlo real estate market had 21 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ranlo 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 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was 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. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Ranlo in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 34 Days | -39.4% |
Summary: Homes in Ranlo had an average of 34 days on market in Nov 2024, down by 39.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ranlo are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Ranlo; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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