Is Rural Hall, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rural Hall has remained a Seller's Market.
Housing Prices in Rural Hall, NC
How much do homes in Rural Hall, NC cost?
Median Sold Price
$260,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rural Hall was $260,000 in April 2024, down 3.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $169K | $168.9K | -0.1% |
3 Bedrooms | $267K | $255K | -4.5% |
4 Bedrooms | $295K | $327K | +10.8% |
5+ Bedrooms | $335K | $350K | +4.5% |
Summary: Rural Hall housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.1%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
Winston Township | $259.9K | $265.5K | +2.1% |
Winston-Salem | $259.9K | $265.5K | +2.1% |
Bethania Township | $255K | $259.5K | +1.8% |
Rural Hall | $270K | $260K | -3.7% |
Housing Supply in Rural Hall, NC
How many homes are available in Rural Hall, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 35 | -5.4% |
Summary: The Rural Hall real estate market had 35 homes for sale in April 2024, a 5.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 25 | 25 | 0.0% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rural Hall 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Rural Hall in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Rural Hall, NC
How long does it take to sell a home in Rural Hall, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 55 Days | +250.1% |
Summary: Homes in Rural Hall had an average of 55 days on market in Apr 2024, up by 250.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Rural Hall; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.