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 November 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

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,500(+0.8%)

Key Takeaway

Homes in Rutherfordton have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Rutherfordton was $300,000 in November 2024, up 0.8% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $296K$261K
-11.8%
2 $210K$210K
0.0%
3 $319K$310.7K
-2.6%
4 $340K$477.5K
+40.5%
5+ $596K$395K
-33.7%

Summary: Rutherfordton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 40.5%, and 5+ bedroom homes decreased by 33.7%.

Median Sold Price Compared To Nearby Cities

Spindale
+15.4%
Rutherfordton Township
+8.4%
Rutherfordton
+0.8%

Housing Supply in Rutherfordton, NC

How many homes are available in Rutherfordton, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
99108+9.1%

Summary: The Rutherfordton real estate market had 108 homes for sale in November 2024, a 9.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 2021
+5.0%
3 5057
+14.0%
4 1820
+11.1%
5+ 76
-14.3%

Summary: The Rutherfordton 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 increased by 5%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
135-61.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 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. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Rutherfordton in November 2024, down by 61.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
39 Days12 Days-67.9%

Summary: Homes in Rutherfordton had an average of 12 days on market in Nov 2024, down by 67.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Rutherfordton; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 Rutherfordton, NC

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