$8,906 Closing Credit*
$750,000
1,742 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: Allen Tate Concord
Is Richfield, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Richfield has remained a Seller's Market.
Key Takeaway
Richfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richfield, NC
How much do homes in Richfield, NC cost?
Median Sold Price
$345,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$75,050(+27.8%)
Key Takeaway
Homes in Richfield have sold for 27.8% more than they did a year ago.
Summary: The median home sold price in Richfield was $345,000 in October 2024, up 27.8% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $199K | $125K | -37.2% |
| 3 Bedrooms | $285K | $310K | +8.8% |
| 4 Bedrooms | $249.9K | $667.5K | +167.1% |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Richfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 167.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ridenhour Township | $228K | $335.7K | +47.2% |
| Richfield | $269.9K | $345K | +27.8% |
| Harris Township | $285K | $295.6K | +3.7% |
Housing Supply in Richfield, NC
How many homes are available in Richfield, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Richfield real estate market had 12 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Richfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richfield, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Richfield in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Richfield, NC
How long does it take to sell a home in Richfield, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 146 Days | +633.3% |
Summary: Homes in Richfield had an average of 146 days on market in Oct 2024, up by 633.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Richfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Richfield; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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