Is Reidsville, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Reidsville is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Reidsville has remained a Seller's Market.

Key Takeaway

Reidsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Reidsville, NC

How much do homes in Reidsville, NC cost?

Median Sold Price

$238,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,281(+15.1%)

Key Takeaway

Homes in Reidsville have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in Reidsville was $238,000 in November 2024, up 15.1% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $143.1K$73K
-49.0%
2 $118K$139.5K
+18.2%
3 $225.5K$250K
+10.9%
4 $317.4K$395K
+24.4%
5+ $225.8K$375K
+66.0%

Summary: Reidsville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes increased by 66%.

Median Sold Price Compared To Nearby Cities

Reidsville
+15.1%
Reidsville Township
+15.1%
Wentworth Township
+1.9%
Simpsonville Township
-6.3%

Housing Supply in Reidsville, NC

How many homes are available in Reidsville, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
138130-5.8%

Summary: The Reidsville real estate market had 130 homes for sale in November 2024, a 5.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 2324
+4.3%
3 8072
-10.0%
4 2526
+4.0%
5+ 65
-16.7%

Summary: The Reidsville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2326+13.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer69%19%12%

Key Takeaway

If you're buying a home in Reidsville, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Reidsville in November 2024, up by 13.0% month-over-month. Of the 26 sold homes, 69% were sold under asking, 12% were sold at asking, and 19% 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

Nov 2023Nov 2024CHANGE
34 Days42 Days+24.4%

Summary: Homes in Reidsville had an average of 42 days on market in Nov 2024, up by 24.4% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times58%27%15%

Key Takeaway

Many homes in Reidsville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 26 homes were sold in Reidsville; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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