$3,088 Closing Credit*
$260,000
Nathaniel Birdsong, Listing Office: Salem Realty
Is Reidsville Township, 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 Township was a Seller's Market.
Key Takeaway
Reidsville Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Reidsville Township, NC
How much do homes in Reidsville Township, 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 Township have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Reidsville Township 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 Township 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
| Ruffin Township | $201.5K | $237.9K | +18.1% |
| Reidsville Township | $205K | $238.6K | +16.4% |
| Reidsville | $205K | $238.6K | +16.4% |
| Wentworth Township | $259.4K | $265K | +2.2% |
Housing Supply in Reidsville Township, NC
How many homes are available in Reidsville Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 143 | +17.2% |
Summary: The Reidsville Township 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 Township 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 Township, 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 Township 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 Township, NC
How long does it take to sell a home in Reidsville Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 28 Days | +27.2% |
Summary: Homes in Reidsville Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in Reidsville Township; 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.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.