$3,551 Closing Credit*
$299,000
3,201 SqFt
4 Beds
•2 Full Baths
Listing Office: Zevallos Real Estate Group 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 October 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
$162,550
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$450(-0.3%)
Key Takeaway
The sold price of homes in Red Springs has remained the same since last year.
Summary: The median home sold price in Red Springs was $162,550 in October 2024, down 0.3% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $88K | $75K | -14.8% |
| 3 Bedrooms | $143.5K | $149.7K | +4.4% |
| 4 Bedrooms | $238.5K | $236.5K | -0.8% |
| 5+ Bedrooms | - | $332.5K | N/A |
Summary: Red Springs 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 decreased by 14.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Red Springs | $163K | $162.5K | -0.3% |
| Red Springs | $163K | $162.5K | -0.3% |
| Red Springs Township | $163K | $162.5K | -0.3% |
Housing Supply in Red Springs, NC
How many homes are available in Red Springs, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Summary: The Red Springs real estate market had 22 homes for sale in October 2024, a 29.4% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Red Springs 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 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 Red Springs, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Red Springs in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 183 Days | 28 Days | -84.4% |
Summary: Homes in Red Springs had an average of 28 days on market in Oct 2024, down by 84.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Red Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Red Springs; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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