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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutherfordton Township is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Rutherfordton Township, NC

How much do homes in Rutherfordton Township, NC cost?

Median Sold Price

$265,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+10.4%)

Key Takeaway

Homes in Rutherfordton Township have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Rutherfordton Township was $265,000 in October 2024, up 10.4% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $296K$182.5K
-38.3%
2 $156K$178K
+14.1%
3 $250K$275K
+10.0%
4 $330K$375K
+13.6%
5+ $548.5K$395K
-28.0%

Summary: Rutherfordton Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.3%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 28%.

Median Sold Price Compared To Nearby Cities

Forest City
+12.8%
Rutherfordton Township
+10.4%
Spindale
+7.0%
Rutherfordton
+1.7%

Housing Supply in Rutherfordton Township, NC

How many homes are available in Rutherfordton Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
132136+3.0%

Summary: The Rutherfordton Township real estate market had 136 homes for sale in October 2024, a 3.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 3333
0.0%
3 6367
+6.3%
4 2323
0.0%
5+ 99
0.0%

Summary: The Rutherfordton Township 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 remained the same, 3 bedroom homes increased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2314-39.1%

Asking Price vs. Sold Price

12 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 Township, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Rutherfordton Township in October 2024, down by 39.1% month-over-month. Of the 14 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.

Days on Market for Rutherfordton Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days69 Days+104.5%

Summary: Homes in Rutherfordton Township had an average of 69 days on market in Oct 2024, up by 104.5% compared to last year.

Breakdown of Home Sale Times

5 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 Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 14 homes were sold in Rutherfordton Township; 36% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 43% 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 17 Days Ago

Newest Listings in Rutherfordton Township, NC

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