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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Reidsville Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Reidsville Township, NC

How much do homes in Reidsville Township, NC cost?

Median Sold Price

$222,750

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$18,950(+9.3%)

Key Takeaway

Homes in Reidsville Township have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Reidsville Township was $222,750 in May 2024, up 9.3% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $36.4K$73K
+100.3%
2 $126.5K$135K
+6.7%
3 $211.5K$239.9K
+13.4%
4 $292K$412.6K
+41.3%
5+ $320K$275K
-14.1%

Summary: Reidsville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 41.3%, and 5+ bedroom homes decreased by 14.1%.

Median Sold Price Compared To Nearby Cities

Wentworth Township
+15.4%
Reidsville Township
+9.3%
Reidsville
+9.3%
Williamsburg Township
+9.2%
Ruffin Township
-10.7%

Housing Supply in Reidsville Township, NC

How many homes are available in Reidsville Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
110122+10.9%

Summary: The Reidsville Township real estate market had 122 homes for sale in May 2024, a 10.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 1819
+5.6%
3 7281
+12.5%
4 1113
+18.2%
5+ 77
0.0%

Summary: The Reidsville 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 increased by 5.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
2425+4.2%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Reidsville Township, you may be able to get a good deal. 48% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Reidsville Township in May 2024, up by 4.2% month-over-month. Of the 25 sold homes, 48% were sold under asking, 16% were sold at asking, and 36% were sold over asking.

Days on Market for Reidsville Township, NC

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

Average Sale Time

May 2023May 2024CHANGE
40 Days27 Days-32.4%

Summary: Homes in Reidsville Township had an average of 27 days on market in May 2024, down by 32.4% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 25 homes were sold in Reidsville Township; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% 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 Reidsville Township, NC

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