Is Reidsville Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Reidsville Township has remained a Seller's Market.
Housing Prices in Reidsville Township, NC
How much do homes in Reidsville Township, NC cost?
Median Sold Price
$222,750
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Reidsville Township was $222,750 in May 2024, up 9.3% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $36.4K | $73K | +100.3% |
2 Bedrooms | $126.5K | $135K | +6.7% |
3 Bedrooms | $211.5K | $239.9K | +13.4% |
4 Bedrooms | $292K | $412.6K | +41.3% |
5+ Bedrooms | $320K | $275K | -14.1% |
Summary: Reidsville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 41.3%, and 5+ bedroom homes decreased by 14.1%.
Median Sold Price Compared To Nearby Cities
Wentworth Township | $234K | $270K | +15.4% |
Reidsville Township | $203.8K | $222.7K | +9.3% |
Reidsville | $203.8K | $222.7K | +9.3% |
Williamsburg Township | $273.5K | $298.7K | +9.2% |
Ruffin Township | $214.5K | $191.4K | -10.7% |
Housing Supply in Reidsville Township, NC
How many homes are available in Reidsville Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
110 | 122 | +10.9% |
Summary: The Reidsville Township real estate market had 122 homes for sale in May 2024, a 10.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 18 | 19 | +5.6% |
3 Bedrooms | 72 | 81 | +12.5% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Reidsville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 25 | +4.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Reidsville Township in May 2024, up by 4.2% month-over-month. Of the 25 sold homes, 48% were sold under asking, 16% were sold at asking, and 36% were sold over asking.
Days on Market for Reidsville Township, NC
How long does it take to sell a home in Reidsville Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 27 Days | -32.4% |
Summary: Homes in Reidsville Township had an average of 27 days on market in May 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Reidsville Township; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.