Is Raeford, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Raeford has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $22K | -75.6% |
2 Bedrooms | $68K | $142.2K | +109.1% |
3 Bedrooms | $238.2K | $255K | +7.0% |
4 Bedrooms | $302.6K | $327.9K | +8.4% |
5+ Bedrooms | $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 | $265K | $279.8K | +5.6% |
Raeford Township | $265K | $279.5K | +5.5% |
Housing Supply in Raeford, NC
How many homes are available in Raeford, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
212 | 185 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 106 | 107 | +0.9% |
4 Bedrooms | 82 | 64 | -22.0% |
5+ Bedrooms | 19 | 12 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
51 | 54 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
86 Days | 63 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
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.