Is Rutherfordton Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rutherfordton Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Rutherfordton Township has remained a Seller's Market.

Key Takeaway

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

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

+$19,875(+8.5%)

Key Takeaway

Homes in Rutherfordton Township have sold for 8.5% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $240K$182.5K
-24.0%
2 $153.4K$172.5K
+12.4%
3 $262.1K$254K
-3.1%
4 $310K$305K
-1.6%
5+ $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
+14.3%
Forest City
+14.2%
Rutherfordton Township
+8.5%
Spindale
+0.9%

Housing Supply in Rutherfordton Township, NC

How many homes are available in Rutherfordton Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
126131+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

# BEDSApr 2024May 2024CHANGE
1 31
-66.7%
2 3233
+3.1%
3 6267
+8.1%
4 2019
-5.0%
5+ 911
+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 2024May 2024CHANGE
2530+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rutherfordton Township, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.

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 2023May 2024CHANGE
39 Days43 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Rutherfordton Township, NC

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