Is Rich Square Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rich Square Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Rich Square Township was a Seller's Market.

Key Takeaway

Rich Square Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Rich Square Township, NC

How much do homes in Rich Square Township, NC cost?

Median Sold Price

$59,250

$49/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$53,330(-47.4%)

Key Takeaway

Homes in Rich Square Township have sold for 47.4% less than they did a month ago.

Summary: The median home sold price in Rich Square Township was $59,250 in December 2024, down 47.4% from last month, and the median price per square foot was $49.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$85.5K
N/A
3 $112.5K$33K
-70.7%
4 --
N/A
5+ --
N/A

Summary: Rich Square Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 70.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Rich Square Township
-47.4%
Rich Square
-57.7%

Housing Supply in Rich Square Township, NC

How many homes are available in Rich Square Township, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1112+9.1%

Summary: The Rich Square Township real estate market had 12 homes for sale in December 2024, a 9.1% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 77
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Rich Square Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rich Square Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Rich Square Township in December 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Rich Square Township, NC

How long does it take to sell a home in Rich Square Township, NC?

Average Sale Time

Nov 2024Dec 2024CHANGE
20 Days27 Days+35.0%

Summary: Homes in Rich Square Township had an average of 27 days on market in Dec 2024, up by 35% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 2 homes were sold in Rich Square Township; 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.

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

Report Updated 4 Days Ago

Newest Listings in Rich Square Township, NC

Nearby Markets to Rich Square Township, NC