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 November 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

$274,775

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,873(+8.6%)

Key Takeaway

Homes in Rutherford County have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Rutherford County was $274,775 in November 2024, up 8.6% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $173.5K$150K
-13.5%
2 $205K$210K
+2.4%
3 $260.6K$272K
+4.4%
4 $320K$475K
+48.4%
5+ $310K$494K
+59.4%

Summary: Rutherford County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 48.4%, and 5+ bedroom homes increased by 59.4%.

Median Sold Price Compared To Nearby Counties

Polk County
+10.6%
Cleveland County
+10.1%
Rutherford County
+8.6%
Henderson County
+6.0%
McDowell County
+4.8%

Housing Supply in Rutherford County, NC

How many homes are available in Rutherford County, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
386406+5.2%

Summary: The Rutherford County real estate market had 406 homes for sale in November 2024, a 5.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1816
-11.1%
2 9194
+3.3%
3 198212
+7.1%
4 6064
+6.7%
5+ 1920
+5.3%

Summary: The Rutherford County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4739-17.0%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 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. 73.7% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Rutherford County in November 2024, down by 17.0% month-over-month. Of the 38 sold homes, 74% were sold under asking, 16% were sold at asking, and 11% 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

Nov 2023Nov 2024CHANGE
35 Days59 Days+65.0%

Summary: Homes in Rutherford County had an average of 59 days on market in Nov 2024, up by 65% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

8 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 November 2024, 39 homes were sold in Rutherford County; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 21% 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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