$2,791 Closing Credit*
$235,000
1,158 SqFt
3 Beds
•2 Full Baths
#100476300, Listing Office: RE/MAX Elite Realty Group
Is Richlands, 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, Richlands has remained a Seller's Market.
Key Takeaway
Richlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richlands, NC
How much do homes in Richlands, NC cost?
Median Sold Price
$269,529
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,529(+8.7%)
Key Takeaway
Homes in Richlands have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Richlands was $269,529 in October 2024, up 8.7% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $42K | N/A |
| 2 Bedrooms | $156K | $161.4K | +3.5% |
| 3 Bedrooms | $243.9K | $261.4K | +7.2% |
| 4 Bedrooms | $297K | $320K | +7.7% |
| 5+ Bedrooms | $325K | $385.3K | +18.6% |
Summary: Richlands 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 increased by 3.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
| Richlands | $248K | $269.5K | +8.7% |
| Richlands Township | $252K | $272.5K | +8.2% |
Housing Supply in Richlands, NC
How many homes are available in Richlands, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 166 | 157 | -5.4% |
Summary: The Richlands real estate market had 157 homes for sale in October 2024, a 5.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 111 | 108 | -2.7% |
| 4 Bedrooms | 32 | 29 | -9.4% |
| 5+ Bedrooms | 17 | 14 | -17.6% |
Summary: The Richlands 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 remained the same, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 17.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richlands, you may be able to get a good deal. 51.3% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Richlands in October 2024, up by 2.6% month-over-month. Of the 39 sold homes, 51% were sold under asking, 28% were sold at asking, and 21% were sold over asking.
Days on Market for Richlands, NC
How long does it take to sell a home in Richlands, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 35 Days | +59.0% |
Summary: Homes in Richlands had an average of 35 days on market in Oct 2024, up by 59% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Richlands are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 39 homes were sold in Richlands; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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