Is Ranlo, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ranlo is a neutral's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Ranlo was a Seller's Market.

Key Takeaway

Ranlo is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Ranlo, NC cost?

Median Sold Price

$267,500

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$45,050(+20.3%)

Key Takeaway

Homes in Ranlo have sold for 20.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $136.5K$199.5K
+46.2%
3 $218K$276.3K
+26.7%
4 $267.4K$368.5K
+37.8%
5+ $267.5K$427.7K
+59.9%

Median Sold Price Compared To Nearby Cities

Gastonia Township
+22.2%
Gastonia
+21.7%
Ranlo
+20.3%
Dallas Township
+15.3%
Lowell
+10.9%

How many homes are available in Ranlo, NC?

Number of Homes For Sale

Aug 2022Sep 2022%
3428-17.6%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 75
-28.6%
3 1412
-14.3%
4 109
-10.0%
5+ 32
-33.3%

Number of Homes Sold

Aug 2022Sep 2022%
94-55.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ranlo, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
15 Days27 Days+81.7%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ranlo 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 Ranlo, NC

Ranlo, NC has 28 homes on the market. The inventory of homes for sale in Ranlo, NC between August 2022 and September 2022 decreased by 17.6%. The median list price of listings available in September 2022 was $267,500, while the average time on the real estate market was 27 days. Real estate listing prices changed between August 2022 and September 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 46.2%, prices of 3 bedrooms properties went up by 26.7%, 4 bedrooms properties prices increased by 37.8%, 5 bedrooms properties prices increased by 59.9%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 28.6%, the quantity of 3 bedrooms homes went down by 14.3%, 4 bedrooms homes became 10% less available, the quantity of 5 bedrooms homes went down by 33.3%. Over 1 listings were sold over their listed price in September 2022 in Ranlo, NC. In the same period over 2 listings were sold below the listed price and 1 listings were sold for the listed price.

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