Is Reddies River 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, Reddies River Township has remained a Seller's Market.
Housing Prices in Reddies River Township, NC
How much do homes in Reddies River Township, NC cost?
Median Sold Price
$266,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Reddies River Township was $266,000 in May 2024, up 9.9% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147K | $208.5K | +41.8% |
2 Bedrooms | $213.7K | $180.5K | -15.5% |
3 Bedrooms | $241K | $274.4K | +13.9% |
4 Bedrooms | $365K | $575K | +57.5% |
5+ Bedrooms | - | - | N/A |
Summary: Reddies River Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.8%, 2 bedroom homes decreased by 15.5%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 57.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
North Wilkesboro Township | $200K | $224.9K | +12.4% |
Reddies River Township | $242K | $266K | +9.9% |
Wilkesboro | $290K | $311K | +7.2% |
Housing Supply in Reddies River Township, NC
How many homes are available in Reddies River Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 27 | +17.4% |
Summary: The Reddies River Township real estate market had 27 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 13 | 17 | +30.8% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Reddies River 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 33.3%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Reddies River Township in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Reddies River Township, NC
How long does it take to sell a home in Reddies River Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 56 Days | +222.5% |
Summary: Homes in Reddies River Township had an average of 56 days on market in May 2024, up by 222.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Reddies River Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.