$3,373 Closing Credit*
$284,000
1,637 SqFt
3 Beds
•2 Full Baths
#100480400, Listing Office: Coldwell Banker Sea Coast Advantage - Jacksonville
Is Richlands, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$270,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,100(+8.0%)
Key Takeaway
Homes in Richlands have sold for 8% more than they did a year ago.
Summary: The median home sold price in Richlands was $270,000 in November 2024, up 8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $42K | N/A |
| 2 Bedrooms | $157K | $157.9K | +0.6% |
| 3 Bedrooms | $245K | $262.8K | +7.3% |
| 4 Bedrooms | $294.5K | $322.4K | +9.5% |
| 5+ Bedrooms | $325K | $387.4K | +19.2% |
Summary: Richlands housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 19.2%.
Median Sold Price Compared To Nearby Cities
| Richlands | $249.9K | $270K | +8.0% |
| Richlands Township | $254.9K | $275.1K | +7.9% |
Housing Supply in Richlands, NC
How many homes are available in Richlands, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 158 | 140 | -11.4% |
Summary: The Richlands real estate market had 140 homes for sale in November 2024, a 11.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 113 | 105 | -7.1% |
| 4 Bedrooms | 26 | 21 | -19.2% |
| 5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Richlands 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 40%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 26 | -36.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richlands, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Richlands in November 2024, down by 36.6% month-over-month. Of the 26 sold homes, 38% were sold under asking, 38% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 82 Days | +109.3% |
Summary: Homes in Richlands had an average of 82 days on market in Nov 2024, up by 109.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 26 homes were sold in Richlands; 58% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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