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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverbend Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Riverbend Township, NC

How much do homes in Riverbend Township, NC cost?

Median Sold Price

$365,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,580(+8.2%)

Key Takeaway

Homes in Riverbend Township have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Riverbend Township was $365,000 in October 2024, up 8.2% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $60K$198K
+230.0%
2 $219.9K$228K
+3.7%
3 $325.6K$344K
+5.7%
4 $423.5K$432K
+2.0%
5+ $595K$454.6K
-23.6%

Summary: Riverbend Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 230%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 23.6%.

Median Sold Price Compared To Nearby Cities

Riverbend Township
+8.2%
Stanley
+7.6%
Mount Holly
+5.2%
Ranlo
0.0%

Housing Supply in Riverbend Township, NC

How many homes are available in Riverbend Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
147156+6.1%

Summary: The Riverbend Township real estate market had 156 homes for sale in October 2024, a 6.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1017
+70.0%
3 9093
+3.3%
4 3940
+2.6%
5+ 76
-14.3%

Summary: The Riverbend Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 70%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2629+11.5%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverbend Township, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Riverbend Township in October 2024, up by 11.5% month-over-month. Of the 29 sold homes, 48% were sold under asking, 24% were sold at asking, and 28% were sold over asking.

Days on Market for Riverbend Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days32 Days+36.8%

Summary: Homes in Riverbend Township had an average of 32 days on market in Oct 2024, up by 36.8% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 29 homes were sold in Riverbend Township; 66% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% 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 Riverbend Township, NC

Nearby Markets to Riverbend Township, NC

What housing markets are near Riverbend Township, NC?