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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richlands is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Richlands has remained a Seller's Market.

Key Takeaway

Richlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Richlands, NC cost?

Median Sold Price

$212,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$29,500(+16.2%)

Key Takeaway

Homes in Richlands have sold for 16.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $89.6K$117K
+30.5%
3 $175.5K$187.4K
+6.8%
4 $213.7K$227K
+6.2%
5+ $213K$248K
+16.4%

Median Sold Price Compared To Nearby Cities

Richlands
+16.2%
Richlands Township
+11.5%

How many homes are available in Richlands, NC?

Number of Homes For Sale

Nov 2021Dec 2021%
11110.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 00
0.0%
3 87
-12.5%
4 34
+33.3%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
18+700.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richlands, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
7 Days6 Days-15.0%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Richlands are selling fast, if you're buying plan to act quickly.

About Richlands, NC

Homes for sale in Richlands, NC have reached 11. In December 2021 median list price was $212,000 and the average listing age was 6 days. Real estate listing prices changed between November 2021 and December 2021: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 30.5%, 3 bedrooms properties became 6.8% more expensive, prices of 4 bedrooms properties increased by 6.2%, 5 bedrooms properties prices increased by 16.4%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes did not move, 3 bedrooms homes became 12.5% less available, the quantity of 4 bedrooms homes went up by 33.3%, volume of 5 bedrooms homes stayed the same. Richlands, NC housing market in December 2021 saw over 5 listings sold above listed price, more than 2 sold at listed price and over 1 sold below.

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