Is Raeford, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Raeford is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Raeford, NC

How much do homes in Raeford, NC cost?

Median Sold Price

$279,833

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$14,833(+5.6%)

Key Takeaway

Homes in Raeford have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Raeford was $279,833 in February 2024, up 5.6% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $90K$22K
-75.6%
2 $68K$142.2K
+109.1%
3 $238.2K$255K
+7.0%
4 $302.6K$327.9K
+8.4%
5+ $371K$395K
+6.5%

Summary: Raeford housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.6%, 2 bedroom homes increased by 109.1%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Cities

Raeford
+5.6%
Raeford Township
+5.5%

Housing Supply in Raeford, NC

How many homes are available in Raeford, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
212185-12.7%

Summary: The Raeford real estate market had 185 homes for sale in February 2024, a 12.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 42
-50.0%
3 106107
+0.9%
4 8264
-22.0%
5+ 1912
-36.8%

Summary: The Raeford housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 22%, and 5+ bedroom homes decreased by 36.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5154+5.9%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Raeford, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in Raeford in February 2024, up by 5.9% month-over-month. Of the 54 sold homes, 41% were sold under asking, 35% were sold at asking, and 24% were sold over asking.

Days on Market for Raeford, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
86 Days63 Days-25.9%

Summary: Homes in Raeford had an average of 63 days on market in Feb 2024, down by 25.9% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Raeford has remained consistent over time.

Summary: During February 2024, 54 homes were sold in Raeford; 30% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 22% 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 28 Days Ago

Newest Listings in Raeford, NC

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