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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutherford County is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Rutherford County, NC

How much do homes in Rutherford County, NC cost?

Median Sold Price

$275,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+10.0%)

Key Takeaway

Homes in Rutherford County have sold for 10% more than they did a year ago.

Summary: The median home sold price in Rutherford County was $275,000 in October 2024, up 10% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$150K
0.0%
2 $210.2K$214.5K
+2.0%
3 $250K$274.5K
+9.8%
4 $317.5K$475K
+49.6%
5+ $310K$457K
+47.4%

Summary: Rutherford County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 49.6%, and 5+ bedroom homes increased by 47.4%.

Median Sold Price Compared To Nearby Counties

Polk County
+14.7%
Cleveland County
+10.1%
Rutherford County
+10.0%
McDowell County
+6.8%
Henderson County
+6.7%

Housing Supply in Rutherford County, NC

How many homes are available in Rutherford County, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
415404-2.7%

Summary: The Rutherford County real estate market had 404 homes for sale in October 2024, a 2.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2119
-9.5%
2 10193
-7.9%
3 214212
-0.9%
4 5859
+1.7%
5+ 2121
0.0%

Summary: The Rutherford County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.5%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6146-24.6%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutherford County, you may be able to get a good deal. 71.7% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in Rutherford County in October 2024, down by 24.6% month-over-month. Of the 46 sold homes, 72% were sold under asking, 11% were sold at asking, and 17% were sold over asking.

Days on Market for Rutherford County, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days55 Days+32.2%

Summary: Homes in Rutherford County had an average of 55 days on market in Oct 2024, up by 32.2% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 46 homes were sold in Rutherford County; 46% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 28% 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 20 Days Ago

Newest Listings in Rutherford County, NC

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