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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Richmond Township is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Old Richmond Township, NC cost?

Median Sold Price

$243,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$21,000(+9.5%)

Key Takeaway

Homes in Old Richmond Township have sold for 9.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $155K$179.9K
+16.1%
3 $219K$243K
+11.0%
4 $281.9K$300K
+6.4%
5+ $339.9K-
N/A

Median Sold Price Compared To Nearby Cities

King
+21.7%
Pfafftown
+19.1%
Bethania Township
+17.8%
Old Richmond Township
+9.5%
Tobaccoville
-8.8%

How many homes are available in Old Richmond Township, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
2220-9.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 12
+100.0%
2 22
0.0%
3 1411
-21.4%
4 55
0.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
68+33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Richmond Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
20 Days35 Days+74.1%

Breakdown of Home Sale Times

4 Homes Were 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

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

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

About Old Richmond Township, NC

Old Richmond Township, NC has 20 homes for sale to choose from. Between October 2022 and November 2022, Old Richmond Township, NC real estate market has seen decrease in the number of listings by 9.1%. The median list price of listings available in November 2022 was $243,000, while the average time on the real estate market was 35 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 16.1%, 3 bedrooms properties became 11% more expensive, prices of 4 bedrooms properties increased by 6.4%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 100%, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes became 21.4% less available, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes did not move. In November 2022, from all listings sold in Old Richmond Township, NC there were more than 2 sold above asking price, over 5 sold below and more than 1 were sold right at the asked price.

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