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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richland Township is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Richland Township was a Neutral Market.

Key Takeaway

Richland Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Richland Township, NC

How much do homes in Richland Township, NC cost?

Median Sold Price

$159,900

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,100(-8.6%)

Key Takeaway

Homes in Richland Township have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in Richland Township was $159,900 in October 2024, down 8.6% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $172.5K$73.5K
-57.4%
3 $333K$304.4K
-8.6%
4 $132.7K$350K
+163.7%
5+ -$70K
N/A

Summary: Richland Township 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 57.4%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 163.7%, and 5+ bedroom homes did not change.

Housing Supply in Richland Township, NC

How many homes are available in Richland Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1012+20.0%

Summary: The Richland Township real estate market had 12 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 56
+20.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Richland Township 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 increased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Richland Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Richland Township in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Richland Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
3 Days13 Days+333.3%

Summary: Homes in Richland Township had an average of 13 days on market in Oct 2024, up by 333.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Richland Township; 100% of homes were sold within 30 days, 0% 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 17 Days Ago

Newest Listings in Richland Township, NC

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What housing markets are near Richland Township, NC?