Is Randleman, 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, Randleman has remained a Seller's Market.
Key Takeaway
Randleman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Randleman, NC
How much do homes in Randleman, NC cost?
Median Sold Price
$253,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Randleman have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Randleman was $253,000 in May 2024, up 1.2% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $325K | N/A |
| 2 Bedrooms | $162.5K | $184.4K | +13.5% |
| 3 Bedrooms | $250K | $270K | +8.0% |
| 4 Bedrooms | $312.2K | $265K | -15.1% |
| 5+ Bedrooms | - | $719.5K | N/A |
Summary: Randleman housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Back Creek Township | $320K | $335K | +4.7% |
| Level Cross Township | $275.7K | $280K | +1.5% |
| Randleman | $250K | $253K | +1.2% |
| Randleman Township | $252.5K | $255K | +1.0% |
| Providence Township | $326.5K | $299K | -8.4% |
Housing Supply in Randleman, NC
How many homes are available in Randleman, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 52 | +15.6% |
Summary: The Randleman real estate market had 52 homes for sale in May 2024, a 15.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 25 | 33 | +32.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Randleman 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 decreased by 30.8%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Randleman, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Randleman in May 2024, up by 50.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Randleman, NC
How long does it take to sell a home in Randleman, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 13 Days | -4.7% |
Summary: Homes in Randleman had an average of 13 days on market in May 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Randleman are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Randleman; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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