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 seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Rich Square Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Rich Square Township, NC

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

Median Sold Price

$112,580

$98/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$69,580(+161.8%)

Key Takeaway

Homes in Rich Square Township have sold for 161.8% more than they did a month ago.

Summary: The median home sold price in Rich Square Township was $112,580 in November 2024, up 161.8% from last month, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $55.5K-
N/A
3 $30K$112.5K
+275.3%
4 --
N/A
5+ --
N/A

Summary: Rich Square Township housing prices by bedroom type for November 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 increased by 275.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Woodland
+183.9%
Rich Square Township
+161.8%
Rich Square
+152.3%

Housing Supply in Rich Square Township, NC

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10100.0%

Summary: The Rich Square Township real estate market had 10 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 57
+40.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Rich Square Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

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 November 2024, down by 33.3% month-over-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

Oct 2024Nov 2024CHANGE
43 Days20 Days-53.5%

Summary: Homes in Rich Square Township had an average of 20 days on market in Nov 2024, down by 53.5% 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 November 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 2 Days Ago

Newest Listings in Rich Square Township, NC

Nearby Markets to Rich Square Township, NC