Is Richmond County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richmond County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Richmond County has remained a Seller's Market.

Key Takeaway

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

How much do homes in Richmond County, NC cost?

Median Sold Price

$195,000

$121/sqft

Based on all homes sold in November 2022.

Difference Since Last Month

+$46,000(+30.9%)

Key Takeaway

Homes in Richmond County have sold for 30.9% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2022Nov 2022%
1 -$131K
N/A
2 $90K$116.5K
+29.4%
3 $167.5K$208.5K
+24.5%
4 $219.5K$355K
+61.7%
5+ $255K-
N/A

How many homes are available in Richmond County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
107102-4.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 33
0.0%
2 2420
-16.7%
3 6567
+3.1%
4 1310
-23.1%
5+ 22
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
2927-6.9%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richmond County, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2022Nov 2022%
44 Days19 Days-56.7%

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Richmond County 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 Richmond County, NC

Number of homes for sale in Richmond County, NC real estate market have reached 102. In November 2022 in Richmond County, NC there were 4.7% less homes for sale than in October 2022. Listings spent 19 days on the market in November 2022, and had a median list price of $195,000 during the same period. Real estate listing prices changed between November 2021 and November 2022: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 29.4%, 3 bedrooms properties prices increased by 24.5%, 4 bedrooms properties became 61.7% more expensive, 5 bedrooms properties became 0% more expensive. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 16.7% less available, volume of 3 bedrooms homes went up by 3.1%, 4 bedrooms homes became 23.1% less available, number of 5 bedrooms homes remained the same. Over 6 listings were sold over their listed price in November 2022 in Richmond County, NC. In the same period over 15 listings were sold below the listed price and 6 listings were sold for the listed price.

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