Is Richmond County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richmond County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Richmond County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Richmond County, NC

How much do homes in Richmond County, NC cost?

Median Sold Price

$178,434

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,434(+5.6%)

Key Takeaway

Homes in Richmond County have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Richmond County was $178,434 in October 2024, up 5.6% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $47.5K$59.5K
+25.3%
2 $110K$107.5K
-2.3%
3 $181K$186.9K
+3.3%
4 $255K$220K
-13.7%
5+ $240K$362K
+50.8%

Summary: Richmond County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.3%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes increased by 50.8%.

Median Sold Price Compared To Nearby Counties

Anson County
+22.0%
Moore County
+6.8%
Richmond County
+5.6%
Montgomery County
+4.4%
Scotland County
-4.7%

Housing Supply in Richmond County, NC

How many homes are available in Richmond County, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
109125+14.7%

Summary: The Richmond County real estate market had 125 homes for sale in October 2024, a 14.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 2024
+20.0%
3 6673
+10.6%
4 1619
+18.8%
5+ 56
+20.0%

Summary: The Richmond County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1429+107.1%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richmond County, you may be able to get a good deal. 72.4% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Richmond County in October 2024, up by 107.1% month-over-month. Of the 29 sold homes, 72% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Richmond County, NC

How long does it take to sell a home in Richmond County, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
54 Days56 Days+3.9%

Summary: Homes in Richmond County had an average of 56 days on market in Oct 2024, up by 3.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 29 homes were sold in Richmond County; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% 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 22 Days Ago

Newest Listings in Richmond County, NC

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