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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scotland County is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Scotland County, NC

How much do homes in Scotland County, NC cost?

Median Sold Price

$169,333

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$18,616(-9.9%)

Key Takeaway

Homes in Scotland County have sold for 9.9% less than they did a year ago.

Summary: The median home sold price in Scotland County was $169,333 in April 2024, down 9.9% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $38K-
N/A
2 $75K$91.7K
+22.3%
3 $169K$169.5K
0.3%
4 $320.5K$272.5K
-15.0%
5+ $294.9K$240K
-18.6%

Summary: Scotland 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 22.3%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 18.6%.

Median Sold Price Compared To Nearby Counties

Robeson County
+8.9%
Hoke County
+6.4%
Richmond County
+4.7%
Scotland County
-9.9%

Housing Supply in Scotland County, NC

How many homes are available in Scotland County, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7174+4.2%

Summary: The Scotland County real estate market had 74 homes for sale in April 2024, a 4.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1517
+13.3%
3 3639
+8.3%
4 1817
-5.6%
5+ 21
-50.0%

Summary: The Scotland County 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 13.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1719+11.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scotland County, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Scotland County in April 2024, up by 11.8% month-over-month. Of the 19 sold homes, 68% were sold under asking, 5% were sold at asking, and 26% were sold over asking.

Days on Market for Scotland County, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
62 Days18 Days-71.0%

Summary: Homes in Scotland County had an average of 18 days on market in Apr 2024, down by 71% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 19 homes were sold in Scotland County; 74% of homes were sold within 30 days, 26% 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 10 Days Ago

Newest Listings in Scotland County, NC

Nearby Markets to Scotland County, NC

What housing markets are near Scotland County, NC?