Is Lake Rhodhiss Area, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Rhodhiss Area is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Lake Rhodhiss Area has remained a Seller's Market.

Key Takeaway

Lake Rhodhiss Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$48,550(+19.2%)

Key Takeaway

Homes in Lake Rhodhiss Area have sold for 19.2% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $200.4K$341.5K
+70.4%
3 $252.4K$307K
+21.6%
4 $474K$290K
-38.8%
5+ $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 2024Apr 2024CHANGE
1315+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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 33
0.0%
3 67
+16.7%
4 45
+25.0%
5+ 00
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 2024Apr 2024CHANGE
35+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Rhodhiss Area, 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 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 2023Apr 2024CHANGE
88 Days74 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lake Rhodhiss Area has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

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