$3,551 Closing Credit*
$299,000
3,200 SqFt
4 Beds
•2 Full Baths
MARITZA MEDINA, MEDINA TEAM, Listing Office: EMPIRE REAL ESTATE LLC.
Is Red Springs, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Red Springs was a Seller's Market.
Key Takeaway
Red Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Red Springs, NC
How much do homes in Red Springs, NC cost?
Median Sold Price
$163,725
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,725(+9.9%)
Key Takeaway
Homes in Red Springs have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Red Springs was $163,725 in November 2024, up 9.9% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125K | $69.9K | -44.0% |
| 3 Bedrooms | $137.9K | $162.5K | +17.9% |
| 4 Bedrooms | $252K | $230K | -8.7% |
| 5+ Bedrooms | $275K | $390K | +41.8% |
Summary: Red Springs 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 44%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 41.8%.
Median Sold Price Compared To Nearby Cities
| Red Springs | $149K | $163.7K | +9.9% |
| Red Springs Township | $149K | $163.7K | +9.9% |
| Red Springs | $155.5K | $163.7K | +5.3% |
Housing Supply in Red Springs, NC
How many homes are available in Red Springs, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Red Springs real estate market had 20 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Red Springs 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Springs, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Red Springs in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Red Springs, NC
How long does it take to sell a home in Red Springs, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 135 Days | +275.0% |
Summary: Homes in Red Springs had an average of 135 days on market in Nov 2024, up by 275% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Red Springs are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Red Springs; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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