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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Raeford is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Raeford has remained a Seller's Market.

Key Takeaway

Raeford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Raeford, NC

How much do homes in Raeford, NC cost?

Median Sold Price

$281,933

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$16,933(+6.4%)

Key Takeaway

Homes in Raeford have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Raeford was $281,933 in April 2024, up 6.4% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $90K$22K
-75.6%
2 $124.5K$142.2K
+14.2%
3 $242.5K$256.5K
+5.8%
4 $309.7K$334K
+7.8%
5+ $372K$393K
+5.6%

Summary: Raeford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.6%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Cities

Raeford Township
+6.5%
Raeford
+6.4%

Housing Supply in Raeford, NC

How many homes are available in Raeford, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2092090.0%

Summary: The Raeford real estate market had 209 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 129116
-10.1%
4 6573
+12.3%
5+ 1518
+20.0%

Summary: The Raeford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4656+21.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Raeford, expect to pay close to the asking price. 46.4% of homes here sold near the asking price last month.

Summary: A total of 56 homes were sold or pending in Raeford in April 2024, up by 21.7% month-over-month. Of the 56 sold homes, 27% were sold under asking, 46% were sold at asking, and 27% were sold over asking.

Days on Market for Raeford, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
58 Days45 Days-22.8%

Summary: Homes in Raeford had an average of 45 days on market in Apr 2024, down by 22.8% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 56 homes were sold in Raeford; 66% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 16% 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 22 Days Ago

Newest Listings in Raeford, NC

Nearby Markets to Raeford, NC

What housing markets are near Raeford, NC?