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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richlands Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Richlands Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Richlands Township, NC

How much do homes in Richlands Township, NC cost?

Median Sold Price

$275,166

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,175(+7.9%)

Key Takeaway

Homes in Richlands Township have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Richlands Township was $275,166 in November 2024, up 7.9% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$42K
N/A
2 $160.5K$161.4K
+0.6%
3 $245.6K$263K
+7.1%
4 $301.5K$337.9K
+12.1%
5+ $390K$399.9K
+2.5%

Summary: Richlands Township 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 7.1%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Cities

Richlands
+8.0%
Richlands Township
+7.9%
Hofmann Forest
+4.8%
Jacksonville Township
+1.7%

Housing Supply in Richlands Township, NC

How many homes are available in Richlands Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
207178-14.0%

Summary: The Richlands Township real estate market had 178 homes for sale in November 2024, a 14.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 138124
-10.1%
4 4637
-19.6%
5+ 1814
-22.2%

Summary: The Richlands 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 40%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5641-26.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richlands Township, you may be able to get a good deal. 39% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Richlands Township in November 2024, down by 26.8% month-over-month. Of the 41 sold homes, 39% were sold under asking, 39% were sold at asking, and 22% were sold over asking.

Days on Market for Richlands Township, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days69 Days+97.9%

Summary: Homes in Richlands Township had an average of 69 days on market in Nov 2024, up by 97.9% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 41 homes were sold in Richlands Township; 59% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 22% 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 Richlands Township, NC

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