Is Randolph County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Randolph County is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Randolph County, NC cost?

Median Sold Price

$230,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$25,553(+12.5%)

Key Takeaway

Homes in Randolph County have sold for 12.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $155K$74.4K
-52.0%
2 $129K$143K
+10.9%
3 $208.3K$235K
+12.8%
4 $259.9K$358.8K
+38.1%
5+ $432K$340.7K
-21.1%

Median Sold Price Compared To Nearby Counties

Montgomery County
+27.1%
Alamance County
+23.1%
Davidson County
+18.1%
Guilford County
+15.0%
Randolph County
+12.5%

How many homes are available in Randolph County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
307279-9.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 32
-33.3%
2 4047
+17.5%
3 206174
-15.5%
4 5051
+2.0%
5+ 85
-37.5%

Number of Homes Sold

Oct 2022Nov 2022%
8374-10.8%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Randolph County, you may be able to get a good deal. 49.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
20 Days22 Days+5.9%

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Randolph County 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 Randolph County, NC

Number of homes for sale in Randolph County, NC real estate market have reached 279. The inventory of homes for sale in Randolph County, NC between October 2022 and November 2022 decreased by 9.1%. In November 2022 median list price was $230,000 and the average listing age was 22 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went down by 52%, prices of 2 bedrooms properties increased by 10.9%, prices of 3 bedrooms properties increased by 12.8%, prices of 4 bedrooms properties went up by 38.1%, 5 bedrooms properties prices decreased by 21.1%. Volume of homes for sale changed: volume of 1 bedroom homes went down by 33.3%, volume of 2 bedrooms homes went up by 17.5%, 3 bedrooms homes became 15.5% less available, 4 bedrooms homes inventory increased by 2%, volume of 5 bedrooms homes went down by 37.5%. In November 2022, from all listings sold in Randolph County, NC there were more than 25 sold above asking price, over 35 sold below and more than 11 were sold right at the asked price.

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