Is Raeford, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Raeford is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Raeford, NC

How much do homes in Raeford, NC cost?

Median Sold Price

$280,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$6,365(+2.3%)

Key Takeaway

Homes in Raeford have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Raeford was $280,000 in May 2024, up 2.3% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $90K$22K
-75.6%
2 $148K$142.2K
-3.9%
3 $244.9K$259.8K
+6.1%
4 $325K$330.3K
+1.6%
5+ $380K$390K
+2.6%

Summary: Raeford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.6%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Cities

Raeford
+2.3%
Raeford Township
+2.1%

Housing Supply in Raeford, NC

How many homes are available in Raeford, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
260272+4.6%

Summary: The Raeford real estate market had 272 homes for sale in May 2024, a 4.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 152159
+4.6%
4 8590
+5.9%
5+ 2019
-5.0%

Summary: The Raeford 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 33.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6288+41.9%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Raeford, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.

Summary: A total of 88 homes were sold or pending in Raeford in May 2024, up by 41.9% month-over-month. Of the 88 sold homes, 41% were sold under asking, 39% were sold at asking, and 20% were sold over asking.

Days on Market for Raeford, NC

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

Average Sale Time

May 2023May 2024CHANGE
71 Days34 Days-51.8%

Summary: Homes in Raeford had an average of 34 days on market in May 2024, down by 51.8% compared to last year.

Breakdown of Home Sale Times

72 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 88 homes were sold in Raeford; 82% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 10% 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 9 Days Ago

Newest Listings in Raeford, NC

Nearby Markets to Raeford, NC

What housing markets are near Raeford, NC?