Is Lake Rhodhiss Area, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lake Rhodhiss Area has remained a Seller's Market.
Housing Prices in Lake Rhodhiss Area, NC
How much do homes in Lake Rhodhiss Area, NC cost?
Median Sold Price
$301,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Rhodhiss Area was $301,000 in April 2024, up 19.2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $200.4K | $341.5K | +70.4% |
3 Bedrooms | $252.4K | $307K | +21.6% |
4 Bedrooms | $474K | $290K | -38.8% |
5+ Bedrooms | $657.5K | - | N/A |
Summary: Lake Rhodhiss Area housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 70.4%, 3 bedroom homes increased by 21.6%, 4 bedroom homes decreased by 38.8%, and 5+ bedroom homes did not change.
Housing Supply in Lake Rhodhiss Area, NC
How many homes are available in Lake Rhodhiss Area, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Summary: The Lake Rhodhiss Area real estate market had 15 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Rhodhiss Area housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lake Rhodhiss Area in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Lake Rhodhiss Area, NC
How long does it take to sell a home in Lake Rhodhiss Area, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
88 Days | 74 Days | -16.1% |
Summary: Homes in Lake Rhodhiss Area had an average of 74 days on market in Apr 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Lake Rhodhiss Area; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.