Is Ranlo, 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, Ranlo has remained a Seller's Market.
Housing Prices in Ranlo, NC
How much do homes in Ranlo, NC cost?
Median Sold Price
$272,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ranlo was $272,000 in March 2024, down 5.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $156.7K | N/A |
2 Bedrooms | $208K | $187.5K | -9.9% |
3 Bedrooms | $300.5K | $274.9K | -8.5% |
4 Bedrooms | $391K | $354.5K | -9.3% |
5+ Bedrooms | $427.7K | - | N/A |
Summary: Ranlo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.9%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lowell | $256.7K | $266.5K | +3.8% |
Dallas Township | $290.9K | $299K | +2.8% |
Gastonia Township | $274.5K | $273.7K | -0.3% |
South Point Township | $378.7K | $369.6K | -2.4% |
Ranlo | $287.5K | $272K | -5.4% |
Housing Supply in Ranlo, NC
How many homes are available in Ranlo, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Summary: The Ranlo real estate market had 16 homes for sale in March 2024, a 23.1% increase 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 | 4 | 5 | +25.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ranlo 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 25%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Ranlo in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Ranlo, NC
How long does it take to sell a home in Ranlo, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 26 Days | -38.9% |
Summary: Homes in Ranlo had an average of 26 days on market in Mar 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Ranlo; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.