Is Rowland, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rowland is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Rowland was a Seller's Market.

Key Takeaway

Rowland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rowland, NC

How much do homes in Rowland, NC cost?

Median Sold Price

$130,000

$82/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$43,200(-24.9%)

Key Takeaway

Homes in Rowland have sold for 24.9% less than they did a year ago.

Summary: The median home sold price in Rowland was $130,000 in November 2024, down 24.9% from last year, and the median price per square foot was $82.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $115K-
N/A
3 $172.5K$120K
-30.4%
4 $253.5K$177.5K
-30.0%
5+ $173.2K$150K
-13.4%

Summary: Rowland 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 did not change, 3 bedroom homes decreased by 30.4%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 13.4%.

Median Sold Price Compared To Nearby Cities

Rowland
-24.9%
Rowland Township
-24.9%

Housing Supply in Rowland, NC

How many homes are available in Rowland, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
119-18.2%

Summary: The Rowland real estate market had 9 homes for sale in November 2024, a 18.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 54
-20.0%
4 21
-50.0%
5+ 33
0.0%

Summary: The Rowland 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rowland, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Rowland in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Rowland, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
105 Days170 Days+61.4%

Summary: Homes in Rowland had an average of 170 days on market in Nov 2024, up by 61.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Rowland are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Rowland; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

Newest Listings in Rowland, NC

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