Is Reidsville Township, 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, Reidsville Township has remained a Seller's Market.
Housing Prices in Reidsville Township, NC
How much do homes in Reidsville Township, NC cost?
Median Sold Price
$214,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Reidsville Township was $214,000 in March 2024, up 17.4% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $19K | $73K | +284.2% |
2 Bedrooms | $124.5K | $131.7K | +5.8% |
3 Bedrooms | $190K | $231K | +21.6% |
4 Bedrooms | $251.5K | $335K | +33.2% |
5+ Bedrooms | $320K | $225.8K | -29.4% |
Summary: Reidsville Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 284.2%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 33.2%, and 5+ bedroom homes decreased by 29.4%.
Median Sold Price Compared To Nearby Cities
Wentworth Township | $216.5K | $281K | +29.8% |
Williamsburg Township | $250K | $300K | +20.0% |
Reidsville | $181.5K | $214.3K | +18.0% |
Reidsville Township | $182.2K | $214K | +17.4% |
Ruffin Township | $207.5K | $201.5K | -2.9% |
Housing Supply in Reidsville Township, NC
How many homes are available in Reidsville Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
108 | 120 | +11.1% |
Summary: The Reidsville Township real estate market had 120 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 20 | 22 | +10.0% |
3 Bedrooms | 71 | 83 | +16.9% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Reidsville Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 16.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 34 | +70.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Reidsville Township in March 2024, up by 70.0% month-over-month. Of the 34 sold homes, 38% were sold under asking, 24% were sold at asking, and 38% were sold over asking.
Days on Market for Reidsville Township, NC
How long does it take to sell a home in Reidsville Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 46 Days | -9.8% |
Summary: Homes in Reidsville Township had an average of 46 days on market in Mar 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in Reidsville Township; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.