Listing Office: Anderson Real Estate
Is Richmond County, 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, Richmond County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47.5K | $59.5K | +25.3% |
2 Bedrooms | $110K | $107.5K | -2.3% |
3 Bedrooms | $181K | $186.9K | +3.3% |
4 Bedrooms | $255K | $220K | -13.7% |
5+ Bedrooms | $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 | $159.9K | $195K | +22.0% |
Moore County | $429.8K | $459.3K | +6.8% |
Richmond County | $169K | $178.4K | +5.6% |
Montgomery County | $225K | $235K | +4.4% |
Scotland County | $177.9K | $169.6K | -4.7% |
Housing Supply in Richmond County, NC
How many homes are available in Richmond County, NC?
Number of Homes For Sale
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
109 | 125 | +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
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 20 | 24 | +20.0% |
3 Bedrooms | 66 | 73 | +10.6% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 5 | 6 | +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 2024 | Oct 2024 | CHANGE |
---|---|---|
14 | 29 | +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
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 2023 | Oct 2024 | CHANGE |
---|---|---|
54 Days | 56 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
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.