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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Reddies River Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

+$24,000(+9.9%)

Key Takeaway

Homes in Reddies River Township have sold for 9.9% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $147K$208.5K
+41.8%
2 $213.7K$180.5K
-15.5%
3 $241K$274.4K
+13.9%
4 $365K$575K
+57.5%
5+ --
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
+12.4%
Reddies River Township
+9.9%
Wilkesboro
+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 2024May 2024CHANGE
2327+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

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 1317
+30.8%
4 45
+25.0%
5+ 22
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 2024May 2024CHANGE
45+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Reddies River Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

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 2023May 2024CHANGE
17 Days56 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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 Reddies River Township, NC

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