Is Richland Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Richland Township has remained a Seller's Market.
Housing Prices in Richland Township, NC
How much do homes in Richland Township, NC cost?
Median Sold Price
$228,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Richland Township was $228,000 in February 2024, up 6.6% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $160K | $172.7K | +7.9% |
3 Bedrooms | $226.9K | $235.7K | +3.9% |
4 Bedrooms | - | $440K | N/A |
5+ Bedrooms | $589K | - | N/A |
Summary: Richland Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Richland Township | $213.9K | $228K | +6.6% |
Grant Township | $275K | $279.9K | +1.8% |
Housing Supply in Richland Township, NC
How many homes are available in Richland Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Summary: The Richland Township real estate market had 6 homes for sale in February 2024, a 14.3% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 6 | 4 | -33.3% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Richland Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 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 Richland Township in February 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 Richland Township, NC
How long does it take to sell a home in Richland Township, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
6 Days | 11 Days | +83.3% |
Summary: Homes in Richland Township had an average of 11 days on market in Feb 2024, up by 83.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Richland Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.