Is Rutherford County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutherford County is a neutral's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

Rutherford County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Rutherford County, NC

How much do homes in Rutherford County, NC cost?

Median Sold Price

$264,694

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$14,565(+5.8%)

Key Takeaway

Homes in Rutherford County have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Rutherford County was $264,694 in April 2024, up 5.8% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $150K$150K
0.0%
2 $212.2K$237K
+11.7%
3 $260K$265K
+1.9%
4 $289.9K$400K
+38.0%
5+ $590K$457K
-22.5%

Summary: Rutherford County 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 increased by 11.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 38%, and 5+ bedroom homes decreased by 22.5%.

Median Sold Price Compared To Nearby Counties

Polk County
+7.0%
McDowell County
+6.0%
Rutherford County
+5.8%
Henderson County
+5.7%
Cleveland County
+4.2%

Housing Supply in Rutherford County, NC

How many homes are available in Rutherford County, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
310355+14.5%

Summary: The Rutherford County real estate market had 355 homes for sale in April 2024, a 14.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 79
+28.6%
2 7496
+29.7%
3 168186
+10.7%
4 4444
0.0%
5+ 1720
+17.6%

Summary: The Rutherford County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 29.7%, 3 bedroom homes increased by 10.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 17.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
6351-19.0%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutherford County, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Rutherford County in April 2024, down by 19.0% month-over-month. Of the 50 sold homes, 60% were sold under asking, 22% were sold at asking, and 18% were sold over asking.

Days on Market for Rutherford County, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days63 Days+94.7%

Summary: Homes in Rutherford County had an average of 63 days on market in Apr 2024, up by 94.7% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 51 homes were sold in Rutherford County; 59% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 29% 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 11 Days Ago

Newest Listings in Rutherford County, NC

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