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 buyer's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Old Richmond Township was a Neutral Market.

Key Takeaway

Old Richmond Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Old Richmond Township, NC

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

Median Sold Price

$267,495

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$15,495(+6.1%)

Key Takeaway

Homes in Old Richmond Township have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Old Richmond Township was $267,495 in June 2024, up 6.1% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $82.5K-
N/A
2 $179.9K$143.7K
-20.1%
3 $248.5K$270K
+8.7%
4 $334.9K$319.9K
-4.5%
5+ --
N/A

Summary: Old Richmond Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Tobaccoville
+14.8%
Bethania Township
+8.4%
Old Richmond Township
+6.1%
Pfafftown
+2.4%
King
-1.8%

Housing Supply in Old Richmond Township, NC

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

Number of Homes For Sale

May 2024Jun 2024CHANGE
1915-21.1%

Summary: The Old Richmond Township real estate market had 15 homes for sale in June 2024, a 21.1% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1713
-23.5%
4 11
0.0%
5+ 00
0.0%

Summary: The Old Richmond Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Old Richmond Township in June 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Old Richmond Township, NC

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

Average Sale Time

Jun 2023Jun 2024CHANGE
10 Days81 Days+676.2%

Summary: Homes in Old Richmond Township had an average of 81 days on market in Jun 2024, up by 676.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 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.

Summary: During June 2024, 2 homes were sold in Old Richmond Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 26 Days Ago

Newest Listings in Old Richmond Township, NC

Nearby Markets to Old Richmond Township, NC

What housing markets are near Old Richmond Township, NC?