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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutherfordton is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Rutherfordton, NC

How much do homes in Rutherfordton, NC cost?

Median Sold Price

$300,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+1.7%)

Key Takeaway

Homes in Rutherfordton have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Rutherfordton was $300,000 in October 2024, up 1.7% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $296K$261K
-11.8%
2 $210K$212.2K
+1.1%
3 $309K$306.4K
-0.8%
4 $365K$389.2K
+6.6%
5+ $592K$395K
-33.3%

Summary: Rutherfordton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 33.3%.

Median Sold Price Compared To Nearby Cities

Rutherfordton Township
+10.4%
Spindale
+7.0%
Rutherfordton
+1.7%
Green Hill Township
-10.8%

Housing Supply in Rutherfordton, NC

How many homes are available in Rutherfordton, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98102+4.1%

Summary: The Rutherfordton real estate market had 102 homes for sale in October 2024, a 4.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 1820
+11.1%
3 4951
+4.1%
4 2020
0.0%
5+ 77
0.0%

Summary: The Rutherfordton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1713-23.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutherfordton, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Rutherfordton in October 2024, down by 23.5% month-over-month. Of the 13 sold homes, 85% were sold under asking, 0% were sold at asking, and 15% were sold over asking.

Days on Market for Rutherfordton, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days74 Days+207.3%

Summary: Homes in Rutherfordton had an average of 74 days on market in Oct 2024, up by 207.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 13 homes were sold in Rutherfordton; 31% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 46% 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

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