Is Red Springs Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Red Springs Township was a Buyer's Market.
Key Takeaway
Red Springs Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Red Springs Township, NC
How much do homes in Red Springs Township, NC cost?
Median Sold Price
$131,950
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Red Springs Township have sold for 10.2% less than they did a year ago.
Summary: The median home sold price in Red Springs Township was $131,950 in April 2024, down 10.2% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $91K | $121.5K | +33.5% |
| 3 Bedrooms | $141.5K | $120K | -15.2% |
| 4 Bedrooms | $267.5K | $236.5K | -11.6% |
| 5+ Bedrooms | - | $332.5K | N/A |
Summary: Red Springs Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.5%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Red Springs Township | $147K | $131.9K | -10.2% |
| Red Springs | $147K | $131.9K | -10.2% |
Housing Supply in Red Springs Township, NC
How many homes are available in Red Springs Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Red Springs Township real estate market had 18 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Red Springs Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Springs Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Red Springs Township in April 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Red Springs Township, NC
How long does it take to sell a home in Red Springs Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 47 Days | +39.2% |
Summary: Homes in Red Springs Township had an average of 47 days on market in Apr 2024, up by 39.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Red Springs Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Red Springs Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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