Is Randleman 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, Randleman Township has remained a Seller's Market.
Key Takeaway
Randleman Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Randleman Township, NC
How much do homes in Randleman Township, NC cost?
Median Sold Price
$255,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Randleman Township have sold for 1% more than they did a year ago.
Summary: The median home sold price in Randleman Township was $255,000 in May 2024, up 1% 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 | $253K | $275K | +8.7% |
| 4 Bedrooms | $280K | $260K | -7.1% |
| 5+ Bedrooms | - | $719.5K | N/A |
Summary: Randleman Township 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 8.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Franklinville Township | $235K | $246.9K | +5.1% |
| 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 Township, NC
How many homes are available in Randleman Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 53 | +10.4% |
Summary: The Randleman Township real estate market had 53 homes for sale in May 2024, a 10.4% 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 | 27 | 34 | +25.9% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Randleman 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 decreased by 30.8%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Asking Price vs. Sold Price
9 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 Township, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Randleman Township in May 2024, up by 35.7% month-over-month. Of the 19 sold homes, 47% were sold under asking, 26% were sold at asking, and 26% were sold over asking.
Days on Market for Randleman Township, NC
How long does it take to sell a home in Randleman Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 14 Days | -24.9% |
Summary: Homes in Randleman Township had an average of 14 days on market in May 2024, down by 24.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Randleman Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Randleman Township; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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