$3,088 Closing Credit*
$260,000
Nathaniel Birdsong, Listing Office: Salem Realty
Is Reidsville, 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, Reidsville was a Seller's Market.
Key Takeaway
Reidsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Reidsville, NC
How much do homes in Reidsville, NC cost?
Median Sold Price
$238,633
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,633(+16.4%)
Key Takeaway
Homes in Reidsville have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Reidsville was $238,633 in October 2024, up 16.4% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143.1K | $68.5K | -52.1% |
| 2 Bedrooms | $123.8K | $133.9K | +8.2% |
| 3 Bedrooms | $224.9K | $250K | +11.1% |
| 4 Bedrooms | $299.9K | $394.9K | +31.7% |
| 5+ Bedrooms | $206.7K | $369.9K | +78.9% |
Summary: Reidsville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.1%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes increased by 78.9%.
Median Sold Price Compared To Nearby Cities
| Reidsville | $205K | $238.6K | +16.4% |
| Reidsville Township | $205K | $238.6K | +16.4% |
| Wentworth Township | $259.4K | $265K | +2.2% |
| Simpsonville Township | $394.5K | $392.4K | -0.5% |
Housing Supply in Reidsville, NC
How many homes are available in Reidsville, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 143 | +17.2% |
Summary: The Reidsville real estate market had 143 homes for sale in October 2024, a 17.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 17 | 23 | +35.3% |
| 3 Bedrooms | 72 | 84 | +16.7% |
| 4 Bedrooms | 25 | 26 | +4.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Reidsville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 20 | -28.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reidsville, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Reidsville in October 2024, down by 28.6% month-over-month. Of the 20 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for Reidsville, NC
How long does it take to sell a home in Reidsville, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 28 Days | +27.2% |
Summary: Homes in Reidsville had an average of 28 days on market in Oct 2024, up by 27.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Reidsville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in Reidsville; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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