Is Raeford Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Raeford Township has remained a Seller's Market.
Housing Prices in Raeford Township, NC
How much do homes in Raeford Township, NC cost?
Median Sold Price
$280,028
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Raeford Township was $280,028 in March 2024, up 5.5% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $22K | -75.6% |
2 Bedrooms | $75K | $159.4K | +112.6% |
3 Bedrooms | $241.7K | $255K | +5.5% |
4 Bedrooms | $306K | $334K | +9.2% |
5+ Bedrooms | $370K | $395K | +6.8% |
Summary: Raeford Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.6%, 2 bedroom homes increased by 112.6%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
Raeford | $265K | $280K | +5.7% |
Raeford Township | $265.4K | $280K | +5.5% |
Quewhiffle Township | $325K | $326.2K | 0.4% |
Housing Supply in Raeford Township, NC
How many homes are available in Raeford Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
204 | 192 | -5.9% |
Summary: The Raeford Township real estate market had 192 homes for sale in March 2024, a 5.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 123 | 117 | -4.9% |
4 Bedrooms | 66 | 58 | -12.1% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Raeford Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 48 | -25.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Raeford Township in March 2024, down by 25.0% month-over-month. Of the 48 sold homes, 38% were sold under asking, 48% were sold at asking, and 15% were sold over asking.
Days on Market for Raeford Township, NC
How long does it take to sell a home in Raeford Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
88 Days | 70 Days | -21.0% |
Summary: Homes in Raeford Township had an average of 70 days on market in Mar 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 48 homes were sold in Raeford Township; 27% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.