Is Randolph County, 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, 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.
Housing Prices in Randolph County, NC
How much do homes in Randolph County, NC cost?
Median Sold Price
$255,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Randolph County have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Randolph County was $255,000 in March 2024, up 6.6% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67.4K | $146.5K | +117.3% |
| 2 Bedrooms | $160K | $179K | +11.9% |
| 3 Bedrooms | $245K | $263.8K | +7.7% |
| 4 Bedrooms | $356.5K | $319K | -10.5% |
| 5+ Bedrooms | $360K | $407.9K | +13.3% |
Summary: Randolph County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 117.3%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Counties
| Davidson County | $249.5K | $270.2K | +8.3% |
| Montgomery County | $210.7K | $228.2K | +8.3% |
| Randolph County | $239.1K | $255K | +6.6% |
| Guilford County | $275K | $289.2K | +5.2% |
| Alamance County | $314.6K | $314.9K | 0.1% |
Housing Supply in Randolph County, NC
How many homes are available in Randolph County, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 306 | 318 | +3.9% |
Summary: The Randolph County real estate market had 318 homes for sale in March 2024, a 3.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 61 | 61 | 0.0% |
| 3 Bedrooms | 180 | 185 | +2.8% |
| 4 Bedrooms | 52 | 58 | +11.5% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Randolph County 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 remained the same, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 85 | 69 | -18.8% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Randolph County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Randolph County in March 2024, down by 18.8% month-over-month. Of the 69 sold homes, 67% were sold under asking, 10% were sold at asking, and 23% were sold over asking.
Days on Market for Randolph County, NC
How long does it take to sell a home in Randolph County, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 41 Days | -6.0% |
Summary: Homes in Randolph County had an average of 41 days on market in Mar 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Randolph County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 69 homes were sold in Randolph County; 55% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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