Is Rutherfordton 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, Rutherfordton Township has remained a Seller's Market.
Housing Prices in Rutherfordton Township, NC
How much do homes in Rutherfordton Township, NC cost?
Median Sold Price
$253,875
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rutherfordton Township was $253,875 in May 2024, up 8.5% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $182.5K | -24.0% |
2 Bedrooms | $153.4K | $172.5K | +12.4% |
3 Bedrooms | $262.1K | $254K | -3.1% |
4 Bedrooms | $310K | $305K | -1.6% |
5+ Bedrooms | $592K | $544K | -8.1% |
Summary: Rutherfordton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24%, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Cities
Rutherfordton | $265K | $303K | +14.3% |
Forest City | $190K | $217K | +14.2% |
Rutherfordton Township | $234K | $253.8K | +8.5% |
Spindale | $165K | $166.5K | +0.9% |
Housing Supply in Rutherfordton Township, NC
How many homes are available in Rutherfordton Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
126 | 131 | +4.0% |
Summary: The Rutherfordton Township real estate market had 131 homes for sale in May 2024, a 4.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 32 | 33 | +3.1% |
3 Bedrooms | 62 | 67 | +8.1% |
4 Bedrooms | 20 | 19 | -5.0% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Rutherfordton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 30 | +20.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Rutherfordton Township in May 2024, up by 20.0% month-over-month. Of the 28 sold homes, 61% were sold under asking, 25% were sold at asking, and 14% were sold over asking.
Days on Market for Rutherfordton Township, NC
How long does it take to sell a home in Rutherfordton Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 43 Days | +11.4% |
Summary: Homes in Rutherfordton Township had an average of 43 days on market in May 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Rutherfordton Township; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.